Captrust Financial Advisors Sells 205 Shares of American Financial Group, Inc. (NYSE:AFG)

Captrust Financial Advisors decreased its position in American Financial Group, Inc. (NYSE:AFG) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,923 shares of the insurance provider’s stock after selling 205 shares during the quarter. Captrust Financial Advisors’ holdings in American Financial Group were worth $537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Baird Financial Group Inc. increased its position in American Financial Group by 117.7% during the fourth quarter. Baird Financial Group Inc. now owns 2,379 shares of the insurance provider’s stock worth $326,000 after acquiring an additional 1,286 shares during the period. Balyasny Asset Management L.P. grew its position in shares of American Financial Group by 83.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 229,348 shares of the insurance provider’s stock worth $31,405,000 after purchasing an additional 104,170 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of American Financial Group by 58.9% during the fourth quarter. Bank of America Corp DE now owns 189,379 shares of the insurance provider’s stock worth $25,932,000 after purchasing an additional 70,218 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of American Financial Group during the fourth quarter worth approximately $662,000. Finally, Jane Street Group LLC raised its position in shares of American Financial Group by 759.1% in the fourth quarter. Jane Street Group LLC now owns 17,181 shares of the insurance provider’s stock valued at $2,353,000 after buying an additional 15,181 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Activity

In related news, Director Gregory G. Joseph purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average cost of $121.00 per share, with a total value of $363,000.00. Following the acquisition, the director now owns 57,477 shares of the company’s stock, valued at $6,954,717. This trade represents a 5.51% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 17.40% of the company’s stock.

American Financial Group Trading Up 2.0%

Shares of American Financial Group stock opened at $126.66 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 11.98 and a beta of 0.72. The firm’s 50-day moving average price is $126.17 and its two-hundred day moving average price is $131.60.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.36). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. The business’s revenue was down 2.6% on a year-over-year basis. During the same period last year, the company posted $2.76 EPS. On average, analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were paid a $0.80 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. American Financial Group’s payout ratio is 33.61%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their price target on American Financial Group from $126.00 to $125.00 and set a “market perform” rating on the stock in a research report on Friday, May 9th.

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.