American Financial Group Inc (AFG) Shares Sold by Bishop Rock Capital L.P.
Bishop Rock Capital L.P. reduced its stake in American Financial Group Inc (NYSE:AFG) by 18.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 68,731 shares of the insurance provider’s stock after selling 15,486 shares during the quarter. American Financial Group accounts for approximately 6.5% of Bishop Rock Capital L.P.’s portfolio, making the stock its 4th biggest position. Bishop Rock Capital L.P.’s holdings in American Financial Group were worth $7,460,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AFG. Janus Henderson Group PLC raised its position in American Financial Group by 166.0% in the 3rd quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock valued at $49,931,000 after buying an additional 301,200 shares during the last quarter. Schroder Investment Management Group increased its position in shares of American Financial Group by 59.0% during the 4th quarter. Schroder Investment Management Group now owns 632,957 shares of the insurance provider’s stock valued at $68,701,000 after purchasing an additional 234,900 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of American Financial Group by 359.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 196,350 shares of the insurance provider’s stock valued at $20,312,000 after purchasing an additional 153,586 shares during the last quarter. APG Asset Management N.V. increased its position in shares of American Financial Group by 43.6% during the 4th quarter. APG Asset Management N.V. now owns 420,700 shares of the insurance provider’s stock valued at $38,027,000 after purchasing an additional 127,800 shares during the last quarter. Finally, Investec Asset Management LTD increased its position in shares of American Financial Group by 10.5% during the 4th quarter. Investec Asset Management LTD now owns 1,294,622 shares of the insurance provider’s stock valued at $140,518,000 after purchasing an additional 123,436 shares during the last quarter. 60.78% of the stock is owned by institutional investors and hedge funds.
In related news, Director Virginia Drosos sold 1,438 shares of American Financial Group stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $104.21, for a total value of $149,853.98. Following the completion of the sale, the director now owns 8,034 shares of the company’s stock, valued at approximately $837,223.14. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gregory G. Joseph acquired 500 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was purchased at an average cost of $113.50 per share, with a total value of $56,750.00. The disclosure for this purchase can be found here. Company insiders own 14.90% of the company’s stock.
Shares of American Financial Group Inc (AFG) opened at $110.77 on Friday. American Financial Group Inc has a 12-month low of $92.45 and a 12-month high of $121.69. The stock has a market capitalization of $9,790.00, a price-to-earnings ratio of 20.94, a PEG ratio of 1.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.18.
American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 11.09% and a net margin of 6.92%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $1.98 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. sell-side analysts predict that American Financial Group Inc will post 8.2 earnings per share for the current year.
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American Financial Group Profile
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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