Slagle Financial LLC Has $1.80 Million Stake in American Financial Group, Inc. (NYSE:AFG)

Slagle Financial LLC lifted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,133 shares of the insurance provider’s stock after acquiring an additional 557 shares during the period. Slagle Financial LLC’s holdings in American Financial Group were worth $1,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 158 shares during the period. Jones Financial Companies Lllp grew its position in shares of American Financial Group by 91.2% in the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after buying an additional 248 shares during the last quarter. Allworth Financial LP lifted its stake in shares of American Financial Group by 301.1% in the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 527 shares during the period. iA Global Asset Management Inc. purchased a new position in American Financial Group during the third quarter valued at $125,000. Finally, Brooklyn Investment Group bought a new position in American Financial Group in the 3rd quarter valued at approximately $130,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now owns 57,477 shares in the company, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.50% of the stock is currently owned by company insiders.

American Financial Group Price Performance

Shares of AFG opened at $127.87 on Friday. American Financial Group, Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $10.74 billion, a P/E ratio of 12.10 and a beta of 0.79. The business’s 50-day moving average is $128.17 and its two-hundred day moving average is $133.84.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Research analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group’s dividend payout ratio is currently 30.27%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

American Financial Group Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general 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 lending and leasing institutions, fidelity and surety products, and trade credit insurance.