Ifrah Financial Services Inc. Has $971,000 Stake in American Financial Group, Inc. (AFG)

Ifrah Financial Services Inc. lowered its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,386 shares of the insurance provider’s stock after selling 977 shares during the quarter. Ifrah Financial Services Inc.’s holdings in American Financial Group were worth $971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of American Financial Group by 344.2% during the 2nd quarter. Bank of Montreal Can now owns 108,798 shares of the insurance provider’s stock valued at $10,811,000 after purchasing an additional 84,306 shares during the last quarter. Prudential Financial Inc. increased its position in shares of American Financial Group by 20.5% during the 2nd quarter. Prudential Financial Inc. now owns 950,796 shares of the insurance provider’s stock valued at $94,480,000 after purchasing an additional 161,661 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of American Financial Group by 7.9% during the 2nd quarter. Principal Financial Group Inc. now owns 620,201 shares of the insurance provider’s stock valued at $61,629,000 after purchasing an additional 45,232 shares during the last quarter. Swiss National Bank increased its position in shares of American Financial Group by 136.3% during the 2nd quarter. Swiss National Bank now owns 271,300 shares of the insurance provider’s stock valued at $26,959,000 after purchasing an additional 156,500 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of American Financial Group by 83.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 10,039 shares of the insurance provider’s stock valued at $998,000 after purchasing an additional 4,562 shares during the last quarter. 60.82% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group, Inc. (NYSE:AFG) traded up $0.40 on Tuesday, reaching $106.03. The company had a trading volume of 424,600 shares, compared to its average volume of 355,942. American Financial Group, Inc. has a one year low of $79.55 and a one year high of $106.61. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. The stock has a market cap of $9,307.35, a PE ratio of 16.66, a P/E/G ratio of 2.99 and a beta of 0.86.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. During the same quarter in the previous year, the business earned $1.51 EPS. American Financial Group’s revenue was up 9.3% compared to the same quarter last year. sell-side analysts anticipate that American Financial Group, Inc. will post 6.05 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be issued a dividend of $2.00 per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.33%. This is a boost from American Financial Group’s previous special dividend of $1.50. American Financial Group’s payout ratio is presently 17.97%.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Thursday, September 14th. Buckingham Research started coverage on American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $100.67.

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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.

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

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