Prudential PLC Has $27,167,000 Position in American Financial Group, Inc. (AFG)

Prudential PLC raised its stake in American Financial Group, Inc. (NYSE:AFG) by 19.1% during the fourth quarter, Holdings Channel reports. The fund owned 308,300 shares of the company’s stock after buying an additional 49,500 shares during the period. Prudential PLC’s holdings in American Financial Group were worth $27,167,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in American Financial Group by 38.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 513,334 shares of the company’s stock valued at $37,951,000 after buying an additional 142,966 shares during the last quarter. Stifel Financial Corp increased its stake in American Financial Group by 20.9% in the second quarter. Stifel Financial Corp now owns 319,970 shares of the company’s stock valued at $23,655,000 after buying an additional 55,354 shares during the last quarter. Amalgamated Bank increased its stake in American Financial Group by 11.8% in the second quarter. Amalgamated Bank now owns 9,331 shares of the company’s stock valued at $686,000 after buying an additional 985 shares during the last quarter. Legal & General Group Plc increased its stake in American Financial Group by 15.2% in the second quarter. Legal & General Group Plc now owns 56,928 shares of the company’s stock valued at $4,203,000 after buying an additional 7,509 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its stake in American Financial Group by 3.8% in the second quarter. Metropolitan Life Insurance Co. NY now owns 66,707 shares of the company’s stock valued at $4,932,000 after buying an additional 2,413 shares during the last quarter. 59.51% of the stock is owned by institutional investors.

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

American Financial Group, Inc. (NYSE:AFG) traded up 0.40% on Monday, reaching $91.92. 197,293 shares of the company’s stock were exchanged. The company has a market cap of $7.99 billion, a PE ratio of 12.54 and a beta of 0.70. The firm’s 50 day moving average price is $88.01 and its 200 day moving average price is $79.71. American Financial Group, Inc. has a 52-week low of $65.38 and a 52-week high of $92.38.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, February 1st. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.34. The business earned $1.14 billion during the quarter, compared to analysts’ expectations of $1.12 billion. American Financial Group had a return on equity of 10.34% and a net margin of 9.99%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. On average, analysts expect that American Financial Group, Inc. will post $6.29 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Investors of record on Friday, January 13th were paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.36%. The ex-dividend date was Wednesday, January 11th. American Financial Group’s payout ratio is 17.08%.

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Several research firms have recently commented on AFG. Langen Mcalenn reissued a “buy” rating on shares of American Financial Group in a research report on Friday, December 30th. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Tuesday, January 3rd. Finally, Macquarie cut shares of American Financial Group from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, December 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $87.67.

In other American Financial Group news, CEO S Craig Lindner sold 25,000 shares of American Financial Group stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $81.31, for a total transaction of $2,032,750.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carl H. Lindner III sold 200,000 shares of American Financial Group stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $90.91, for a total value of $18,182,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 255,000 shares of company stock valued at $22,655,250. 14.90% of the stock is owned by company insiders.

About American Financial Group

American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.

5 Day Chart for NYSE:AFG

Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG).

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