Amundi Has $45.88 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Amundi lessened its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 18.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 342,313 shares of the insurance provider’s stock after selling 77,250 shares during the period. Amundi owned 0.41% of American Financial Group worth $45,880,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Verdence Capital Advisors LLC boosted its position in shares of American Financial Group by 6.3% during the third quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 125 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of American Financial Group by 37.4% during the third quarter. Crossmark Global Holdings Inc. now owns 5,717 shares of the insurance provider’s stock worth $770,000 after purchasing an additional 1,557 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of American Financial Group during the third quarter worth $579,000. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of American Financial Group by 3.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 147,860 shares of the insurance provider’s stock worth $19,902,000 after purchasing an additional 5,352 shares in the last quarter. Finally, MQS Management LLC bought a new position in shares of American Financial Group during the third quarter worth $334,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 1.2 %

AFG opened at $123.72 on Thursday. The stock has a market capitalization of $10.39 billion, a P/E ratio of 11.70 and a beta of 0.79. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19. The firm’s fifty day simple moving average is $129.72 and its 200 day simple moving average is $134.34. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data 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 net margin of 10.66% and a return on equity of 20.30%. As a group, research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

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

Insiders Place Their Bets

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now directly owns 57,477 shares of the company’s stock, valued at $6,954,717. This represents a 5.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 14.50% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods cut shares of 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.

About American Financial Group

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.