Cubist Systematic Strategies LLC grew its stake in American Financial Group Inc (NYSE:AFG) by 292.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,093 shares of the insurance provider’s stock after acquiring an additional 10,501 shares during the period. Cubist Systematic Strategies LLC’s holdings in American Financial Group were worth $1,582,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFG. Fuller & Thaler Asset Management Inc. bought a new position in shares of American Financial Group in the 4th quarter valued at about $119,000. Pin Oak Investment Advisors Inc. bought a new position in American Financial Group during the fourth quarter worth about $122,000. Focused Wealth Management Inc grew its holdings in American Financial Group by 77.8% during the first quarter. Focused Wealth Management Inc now owns 1,600 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 700 shares during the period. Two Sigma Securities LLC bought a new position in American Financial Group during the fourth quarter worth about $234,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its position in American Financial Group by 125.0% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,700 shares of the insurance provider’s stock worth $293,000 after acquiring an additional 1,500 shares during the last quarter. Institutional investors own 61.30% of the company’s stock.

In other news, Director Terry S. Jacobs sold 864 shares of American Financial Group stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $110.41, for a total value of $95,394.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl H. Lindner III sold 100,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $110.14, for a total transaction of $11,014,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 136,149 shares of company stock valued at $15,025,365. 13.70% of the stock is owned by company insiders.

Several equities research analysts have issued reports on AFG shares. ValuEngine downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $117.00.

Shares of AFG stock opened at $110.38 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 1.06 and a beta of 0.77. American Financial Group Inc has a 12-month low of $95.19 and a 12-month high of $121.69.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, May 2nd. The insurance provider reported $2.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.98 by $0.44. American Financial Group had a net margin of 6.76% and a return on equity of 12.37%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $1.69 earnings per share. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. sell-side analysts anticipate that American Financial Group Inc will post 8.43 EPS for the current fiscal year.

The firm also recently declared a None dividend, which was paid on Friday, May 25th. Stockholders of record on Tuesday, May 15th were given a $1.50 dividend. The ex-dividend date was Monday, May 14th. This represents a dividend yield of 1.26%. American Financial Group’s payout ratio is 21.37%.

American Financial Group Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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

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