10,977 Shares in American Financial Group, Inc. (AFG) Acquired by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new stake in American Financial Group, Inc. (NYSE:AFG) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,977 shares of the insurance provider’s stock, valued at approximately $1,090,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Burney Co. grew its stake in American Financial Group by 0.5% in the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock valued at $515,000 after purchasing an additional 25 shares during the last quarter. Mackenzie Financial Corp grew its stake in American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock valued at $616,000 after purchasing an additional 30 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in American Financial Group by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 30 shares during the last quarter. State of Alaska Department of Revenue grew its stake in American Financial Group by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 6,190 shares of the insurance provider’s stock valued at $615,000 after purchasing an additional 40 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in American Financial Group by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 62.28% of the company’s stock.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.30 by $0.31. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 13th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s dividend payout ratio is presently 15.75%.

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In other news, CEO S Craig Lindner sold 25,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $104.27, for a total value of $2,606,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michelle A. Gillis sold 2,051 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total value of $215,108.88. Following the completion of the transaction, the insider now owns 17,939 shares in the company, valued at approximately $1,881,442.32. The disclosure for this sale can be found here. Corporate insiders own 13.70% of the company’s stock.

Several research firms have issued reports on AFG. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Buckingham Research started coverage on American Financial Group in a report on Monday, September 11th. They issued a “neutral” rating and a $103.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target 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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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