American Financial Group Inc (AFG) Shares Bought by AMP Capital Investors Ltd

AMP Capital Investors Ltd raised its position in shares of American Financial Group Inc (NYSE:AFG) by 118.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,377 shares of the insurance provider’s stock after purchasing an additional 45,665 shares during the period. AMP Capital Investors Ltd owned about 0.10% of American Financial Group worth $8,729,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burney Co. increased its holdings in shares of American Financial Group by 0.5% in the 2nd quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock valued at $515,000 after acquiring an additional 25 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of American Financial Group by 1.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 30 shares during the period. Public Employees Retirement Association of Colorado increased its holdings in shares of American Financial Group by 1.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after acquiring an additional 42 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of American Financial Group by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,744 shares of the insurance provider’s stock valued at $1,068,000 after acquiring an additional 67 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in shares of American Financial Group by 3.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,979 shares of the insurance provider’s stock valued at $594,000 after acquiring an additional 198 shares during the period. 61.45% of the stock is 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 stock was sold at an average price of $104.71, for a total transaction of $15,706,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 value of $5,310,500.00. The disclosure for this sale can be found here. 13.70% of the stock is owned by insiders.

American Financial Group Inc (AFG) opened at $105.30 on Wednesday. American Financial Group Inc has a one year low of $85.26 and a one year 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 firm has a market capitalization of $9,228.05, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.96 and a beta of 0.86.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $979.50 million. During the same period in the previous year, the business earned $1.51 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. analysts predict that American Financial Group Inc will post 6.05 earnings per share for the current year.

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

A number of research analysts have recently issued reports on AFG shares. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub downgraded American Financial Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. 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 on the stock.

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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.

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

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