IFC Holdings Incorporated FL reduced its position in shares of American Financial Group Inc (NYSE:AFG) by 13.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,558 shares of the insurance provider’s stock after selling 3,800 shares during the period. IFC Holdings Incorporated FL’s holdings in American Financial Group were worth $2,438,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas raised its stake in shares of American Financial Group by 83.3% in the second quarter. Teacher Retirement System of Texas now owns 10,039 shares of the insurance provider’s stock worth $998,000 after buying an additional 4,562 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of American Financial Group by 14.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 29,078 shares of the insurance provider’s stock worth $2,923,000 after buying an additional 3,622 shares during the period. First Trust Advisors LP raised its stake in shares of American Financial Group by 110.8% in the second quarter. First Trust Advisors LP now owns 123,988 shares of the insurance provider’s stock worth $12,321,000 after buying an additional 65,179 shares during the period. Arizona State Retirement System raised its stake in shares of American Financial Group by 2.0% in the second quarter. Arizona State Retirement System now owns 31,000 shares of the insurance provider’s stock worth $3,080,000 after buying an additional 600 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new stake in shares of American Financial Group during the second quarter worth about $964,000. Institutional investors and hedge funds own 62.33% of the company’s stock.
Shares of American Financial Group Inc (AFG) opened at 103.50 on Friday. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 11.66 and a beta of 0.83. The stock has a 50 day moving average of $101.36 and a 200-day moving average of $97.04. American Financial Group Inc has a 52 week low of $73.38 and a 52 week high of $105.58.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.31. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. American Financial Group had a net margin of 8.76% and a return on equity of 11.07%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. Equities research analysts expect that American Financial Group Inc will post $6.80 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Friday, July 14th were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Wednesday, July 12th. American Financial Group’s payout ratio is 14.06%.
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A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Monday, August 7th. BidaskClub lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. American Financial Group has a consensus rating of “Buy” and a consensus price target of $93.67.
In other news, CEO S Craig Lindner sold 25,000 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total transaction of $2,606,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John B. Berding sold 12,792 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $101.13, for a total transaction of $1,293,654.96. Following the transaction, the insider now directly owns 66,057 shares of the company’s stock, valued at $6,680,344.41. The disclosure for this sale can be found here. Insiders have sold a total of 327,169 shares of company stock valued at $32,890,665 over the last ninety days. 14.90% of the stock is owned by insiders.
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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