Mason Street Advisors LLC Increases Stock Position in American Financial Group Inc (NYSE:AFG)

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Mason Street Advisors LLC lifted its holdings in shares of American Financial Group Inc (NYSE:AFG) by 3.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 39,149 shares of the insurance provider’s stock after acquiring an additional 1,383 shares during the quarter. Mason Street Advisors LLC’s holdings in American Financial Group were worth $4,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in AFG. Lomas Capital Management LLC lifted its stake in shares of American Financial Group by 401.0% during the 2nd quarter. Lomas Capital Management LLC now owns 705,058 shares of the insurance provider’s stock valued at $72,247,000 after buying an additional 564,329 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of American Financial Group during the 2nd quarter valued at approximately $52,517,000. Victory Capital Management Inc. lifted its stake in shares of American Financial Group by 14.2% during the 2nd quarter. Victory Capital Management Inc. now owns 2,810,565 shares of the insurance provider’s stock valued at $287,998,000 after buying an additional 349,031 shares in the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of American Financial Group by 3,747.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 336,151 shares of the insurance provider’s stock valued at $34,445,000 after buying an additional 327,414 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in shares of American Financial Group by 170.6% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 395,932 shares of the insurance provider’s stock valued at $40,571,000 after buying an additional 249,625 shares in the last quarter. Institutional investors own 64.52% of the company’s stock.

American Financial Group stock traded down $0.95 during midday trading on Wednesday, reaching $109.37. 90,687 shares of the stock were exchanged, compared to its average volume of 351,436. The company’s fifty day moving average is $104.81 and its 200-day moving average is $103.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market cap of $9.86 billion, a PE ratio of 13.02, a PEG ratio of 2.36 and a beta of 0.83. American Financial Group Inc has a 52 week low of $84.18 and a 52 week high of $110.88.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 29th. The insurance provider reported $2.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.30. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.31 billion. American Financial Group had a net margin of 8.43% and a return on equity of 12.83%. American Financial Group’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.19 EPS. On average, sell-side analysts anticipate that American Financial Group Inc will post 8.6 earnings per share for the current fiscal year.

The company also recently announced a None dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 15th will be issued a dividend of $1.80 per share. The ex-dividend date is Thursday, November 14th. This is a positive change from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 21.43%.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price target on the stock in a research note on Wednesday, August 14th. ValuEngine upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

In related news, Director James E. Evans sold 4,440 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $108.09, for a total transaction of $479,919.60. Following the sale, the director now owns 116,666 shares of the company’s stock, valued at approximately $12,610,427.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michelle A. Gillis sold 5,846 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $105.00, for a total transaction of $613,830.00. Following the sale, the senior vice president now directly owns 33,678 shares in the company, valued at approximately $3,536,190. The disclosure for this sale can be found here. Insiders have sold a total of 157,659 shares of company stock worth $16,533,319 in the last ninety days. 11.90% of the stock is currently owned by insiders.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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