American Financial Group, Inc. (AFG) Shares Bought by Cambria Investment Management L.P.

Cambria Investment Management L.P. raised its position in shares of American Financial Group, Inc. (NYSE:AFG) by 3.8% during the first quarter, Holdings Channel reports. The fund owned 13,081 shares of the insurance provider’s stock after buying an additional 475 shares during the period. Cambria Investment Management L.P.’s holdings in American Financial Group were worth $1,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Foresters Investment Management Company Inc. boosted its position in shares of American Financial Group by 2.0% in the fourth quarter. Foresters Investment Management Company Inc. now owns 205,500 shares of the insurance provider’s stock worth $18,008,000 after buying an additional 4,000 shares during the last quarter. A.R.T. Advisors LLC acquired a new position in shares of American Financial Group during the fourth quarter worth approximately $255,000. Envestnet Asset Management Inc. boosted its position in shares of American Financial Group by 36.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 7,363 shares of the insurance provider’s stock worth $649,000 after buying an additional 1,959 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of American Financial Group during the fourth quarter worth approximately $361,000. Finally, Employees Retirement System of Texas acquired a new position in shares of American Financial Group during the fourth quarter worth approximately $1,851,000. Institutional investors and hedge funds own 61.79% of the company’s stock.

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

Shares of American Financial Group, Inc. (NYSE AFG) traded down 0.65% on Tuesday, reaching $101.41. 217,664 shares of the company’s stock were exchanged. American Financial Group, Inc. has a one year low of $69.06 and a one year high of $103.19. The firm has a market cap of $8.89 billion, a PE ratio of 12.82 and a beta of 0.80. The company has a 50 day moving average price of $98.78 and a 200 day moving average price of $93.24.

American Financial Group (NYSE:AFG) last issued its earnings results on Wednesday, May 3rd. The insurance provider reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.32. American Financial Group had a return on equity of 11.11% and a net margin of 10.62%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the business earned $1.25 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts expect that American Financial Group, Inc. will post $6.56 EPS for the current fiscal year.

The company also recently announced a special dividend, which was paid on Thursday, May 25th. Shareholders of record on Monday, May 15th were issued a $1.50 dividend. This represents a dividend yield of 1.27%. This is a boost from American Financial Group’s previous special dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 11th. American Financial Group’s dividend payout ratio is currently 15.82%.

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A number of brokerages have commented on AFG. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Monday, May 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $92.00.

In other American Financial Group news, Director Terry S. Jacobs sold 1,059 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $99.21, for a total value of $105,063.39. Following the completion of the sale, the director now directly owns 3,359 shares in the company, valued at approximately $333,246.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO S Craig Lindner sold 26,475 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $99.46, for a total value of $2,633,203.50. The disclosure for this sale can be found here. Insiders sold a total of 271,738 shares of company stock valued at $26,891,171 over the last quarter. Company insiders own 13.70% of the company’s stock.

American Financial Group Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “AFG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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