American Financial Group Inc (AFG) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its position in shares of American Financial Group Inc (NYSE:AFG) by 28.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,759 shares of the insurance provider’s stock after selling 2,730 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Financial Group were worth $612,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of American Financial Group by 6.9% in the third quarter. BlackRock Inc. now owns 7,787,282 shares of the insurance provider’s stock valued at $864,155,000 after buying an additional 500,746 shares during the period. Standard Life Aberdeen plc boosted its stake in shares of American Financial Group by 38,541.5% in the third quarter. Standard Life Aberdeen plc now owns 7,580,682 shares of the insurance provider’s stock valued at $735,330,000 after buying an additional 7,561,064 shares during the period. Vanguard Group Inc. boosted its stake in shares of American Financial Group by 1.0% in the third quarter. Vanguard Group Inc. now owns 7,116,486 shares of the insurance provider’s stock valued at $789,716,000 after buying an additional 73,729 shares during the period. Vanguard Group Inc boosted its stake in shares of American Financial Group by 1.0% in the third quarter. Vanguard Group Inc now owns 7,116,486 shares of the insurance provider’s stock valued at $789,716,000 after buying an additional 73,729 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of American Financial Group by 1.5% in the third quarter. Victory Capital Management Inc. now owns 2,095,934 shares of the insurance provider’s stock valued at $232,587,000 after buying an additional 30,986 shares during the period. Institutional investors own 66.04% of the company’s stock.

NYSE AFG opened at $97.58 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.17 and a quick ratio of 0.17. American Financial Group Inc has a fifty-two week low of $84.18 and a fifty-two week high of $117.50. The firm has a market cap of $8.57 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89.

American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.09). American Financial Group had a return on equity of 14.80% and a net margin of 7.41%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the company earned $2.20 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts predict that American Financial Group Inc will post 8.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Tuesday, January 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.64%. The ex-dividend date was Monday, January 14th. American Financial Group’s payout ratio is presently 19.05%.

In other American Financial Group news, Director Lehman John I. Von sold 1,359 shares of the company’s stock in a transaction on Monday, February 11th. The stock was sold at an average price of $96.54, for a total transaction of $131,197.86. Following the completion of the sale, the director now directly owns 9,327 shares in the company, valued at $900,428.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Carl H. Lindner III sold 28,668 shares of the company’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $91.05, for a total value of $2,610,221.40. The disclosure for this sale can be found here. 13.70% of the stock is owned by corporate insiders.

AFG has been the subject of several recent research reports. Keefe, Bruyette & Woods initiated coverage on American Financial Group in a research note on Thursday, January 10th. They issued a “market perform” rating and a $107.00 price target for the company. Zacks Investment Research reiterated a “buy” rating and issued a $115.00 price target on shares of American Financial Group in a research note on Monday, November 12th.

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About American Financial Group

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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