Legal & General Group Plc raised its position in shares of American Financial Group Inc (NYSE:AFG) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 163,690 shares of the insurance provider’s stock after purchasing an additional 15,648 shares during the quarter. Legal & General Group Plc owned 0.19% of American Financial Group worth $16,935,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of AFG. Acrospire Investment Management LLC lifted its holdings in American Financial Group by 153.6% during the second quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 800 shares in the last quarter. Bessemer Group Inc. purchased a new position in American Financial Group during the second quarter valued at approximately $155,000. TLP Group LLC purchased a new position in American Financial Group during the second quarter valued at approximately $194,000. Checchi Capital Advisers LLC purchased a new position in American Financial Group during the third quarter valued at approximately $211,000. Finally, ETRADE Capital Management LLC purchased a new position in American Financial Group during the second quarter valued at approximately $216,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.
In related news, CEO Carl H. Lindner III sold 150,000 shares of the business’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO S Craig Lindner sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total transaction of $5,310,500.00. The disclosure for this sale can be found here. Insiders sold 201,438 shares of company stock worth $21,166,854 in the last three months. Insiders own 13.70% of the company’s stock.
Several equities analysts have weighed in on the stock. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a report on Wednesday, December 20th. Buckingham Research assumed coverage on shares of American Financial Group in a report on Monday, September 11th. They issued a “neutral” rating and a $103.00 target price on the stock.
American Financial Group Inc (NYSE:AFG) traded down $1.77 during mid-day trading on Tuesday, hitting $106.77. 359,484 shares of the stock traded hands, compared to its average volume of 319,752. American Financial Group Inc has a 1 year low of $85.57 and a 1 year high of $109.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $9,400.00, a P/E ratio of 13.71, a PEG ratio of 2.95 and a beta of 0.86.
American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $979.50 million. During the same quarter in the previous year, the firm earned $1.51 earnings per share. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. equities analysts expect that American Financial Group Inc will post 6.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Monday, January 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.31%. American Financial Group’s dividend payout ratio (DPR) is presently 17.97%.
American Financial Group Company 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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