American Financial Group Inc (AFG) Position Lessened by Jaffetilchin Investment Partners LLC
Jaffetilchin Investment Partners LLC decreased its position in shares of American Financial Group Inc (NYSE:AFG) by 47.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 2,630 shares of the insurance provider’s stock after selling 2,392 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in American Financial Group were worth $285,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Oppenheimer & Co. Inc. lifted its stake in shares of American Financial Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock valued at $241,000 after buying an additional 30 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of American Financial Group by 3.4% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,979 shares of the insurance provider’s stock valued at $594,000 after buying an additional 198 shares during the period. USA Financial Portformulas Corp lifted its stake in shares of American Financial Group by 7.6% during the second quarter. USA Financial Portformulas Corp now owns 5,780 shares of the insurance provider’s stock valued at $574,000 after buying an additional 406 shares during the period. Ameritas Investment Partners Inc. raised its stake in American Financial Group by 2.2% during the second quarter. Ameritas Investment Partners Inc. now owns 22,029 shares of the insurance provider’s stock worth $2,189,000 after purchasing an additional 483 shares during the period. Finally, ETRADE Capital Management LLC raised its stake in American Financial Group by 22.4% during the third quarter. ETRADE Capital Management LLC now owns 2,660 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 486 shares during the period. 61.40% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Carl H. Lindner III sold 150,000 shares of the stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Virginia Drosos sold 1,438 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $104.21, for a total transaction of $149,853.98. Following the completion of the sale, the director now directly owns 8,034 shares of the company’s stock, valued at approximately $837,223.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,438 shares of company stock worth $21,166,854. 14.90% of the stock is currently owned by insiders.
American Financial Group Inc (NYSE:AFG) opened at $109.16 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $9,546.14, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 1.32 and a beta of 0.85. American Financial Group Inc has a one year low of $85.57 and a one year high of $109.43.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.21. The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $979.50 million. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. American Financial Group’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 earnings per share. equities analysts expect that American Financial Group Inc will post 6.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Monday, January 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, January 11th. American Financial Group’s dividend payout ratio is currently 17.97%.
About American Financial Group
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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