Rhumbline Advisers reduced its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,664 shares of the insurance provider’s stock after selling 1,263 shares during the quarter. Rhumbline Advisers owned 0.17% of American Financial Group worth $15,069,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Toronto Dominion Bank grew its stake in American Financial Group by 243.8% during the third quarter. Toronto Dominion Bank now owns 3,146 shares of the insurance provider’s stock worth $325,000 after buying an additional 2,231 shares during the period. Retirement Systems of Alabama grew its stake in American Financial Group by 2.2% during the third quarter. Retirement Systems of Alabama now owns 150,425 shares of the insurance provider’s stock worth $15,561,000 after buying an additional 3,186 shares during the period. BNP Paribas Arbitrage SA grew its stake in American Financial Group by 359.1% during the third quarter. BNP Paribas Arbitrage SA now owns 196,350 shares of the insurance provider’s stock worth $20,312,000 after buying an additional 153,586 shares during the period. Candriam Luxembourg S.C.A. acquired a new position in shares of American Financial Group during the third quarter worth $1,341,000. Finally, Bessemer Group Inc. lifted its position in shares of American Financial Group by 3,469.2% during the third quarter. Bessemer Group Inc. now owns 55,786 shares of the insurance provider’s stock worth $5,772,000 after purchasing an additional 54,223 shares in the last quarter. Institutional investors own 60.18% of the company’s stock.
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American Financial Group, Inc. (NYSE:AFG) opened at $102.13 on Thursday. American Financial Group, Inc. has a 12-month low of $81.33 and a 12-month high of $106.76. 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 company has a market cap of $9,028.91, a price-to-earnings ratio of 16.16, a PEG ratio of 2.90 and a beta of 0.86.
American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. During the same period in the previous year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. research analysts anticipate that American Financial Group, Inc. will post 6.05 EPS for the current year.
The business also recently declared a special dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be issued a $2.00 dividend. The ex-dividend date is Thursday, November 16th. This is a boost from American Financial Group’s previous special dividend of $1.50. This represents a yield of 1.33%. American Financial Group’s dividend payout ratio is currently 17.97%.
In related news, CEO S Craig Lindner sold 50,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total value of $5,310,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 14.90% of the company’s stock.
A number of research firms have recently commented on AFG. Zacks Investment Research cut shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Buckingham Research began coverage on shares of 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $100.67.
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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