American Financial Group, Inc. (NYSE:AFG) Stock Holdings Reduced by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lowered its position in American Financial Group, Inc. (NYSE:AFG) by 20.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 27,829 shares of the insurance provider’s stock after selling 7,231 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in American Financial Group were worth $3,786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AFG. UMB Bank n.a. grew its stake in American Financial Group by 86.8% in the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 158 shares in the last quarter. Jones Financial Companies Lllp grew its stake in American Financial Group by 91.2% in the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock valued at $71,000 after purchasing an additional 248 shares in the last quarter. Allworth Financial LP grew its stake in American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 527 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in American Financial Group in the third quarter valued at about $125,000. Finally, Brooklyn Investment Group acquired a new stake in shares of American Financial Group in the third quarter worth about $130,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $127.25 on Monday. American Financial Group, Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $150.19. The business has a 50-day moving average of $129.35 and a two-hundred day moving average of $134.28. The stock has a market capitalization of $10.69 billion, a P/E ratio of 12.04 and a beta of 0.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share 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%. On average, equities research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group’s dividend payout ratio is presently 30.27%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, Director Gregory G. Joseph purchased 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the acquisition, the director now directly owns 57,477 shares in the company, valued at approximately $6,954,717. The trade was a 5.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 14.50% of the stock is owned by insiders.

American Financial Group Company 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.