Toronto Dominion Bank boosted its stake in American Financial Group Inc (NYSE:AFG) by 243.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,146 shares of the insurance provider’s stock after buying an additional 2,231 shares during the quarter. Toronto Dominion Bank’s holdings in American Financial Group were worth $325,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its stake in American Financial Group by 153.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 800 shares in the last quarter. Bessemer Group Inc. purchased a new position in American Financial Group in the 2nd quarter worth approximately $155,000. TLP Group LLC purchased a new position in American Financial Group in the 2nd quarter worth approximately $194,000. Checchi Capital Advisers LLC purchased a new position in American Financial Group in the 3rd quarter worth approximately $211,000. Finally, ETRADE Capital Management LLC purchased a new position in American Financial Group in the 2nd quarter worth approximately $216,000. 60.18% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have weighed in on AFG. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research note on Thursday, September 14th. Buckingham Research initiated coverage on shares of American Financial Group in a report on Monday, September 11th. They set a “neutral” rating and a $103.00 price target for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.67.
Shares of American Financial Group Inc (AFG) opened at $101.58 on Friday. The stock has a market cap of $8,950.52, a P/E ratio of 16.02, a PEG ratio of 2.88 and a beta of 0.86. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. American Financial Group Inc has a 1-year low of $81.80 and a 1-year high of $106.76.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.21. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $979.50 million. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 EPS. research analysts forecast that American Financial Group Inc will post 6.05 earnings per share for the current fiscal year.
The company also recently declared a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be issued a dividend of $2.00 per share. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 1.33%. This is an increase from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio (DPR) is currently 17.97%.
In other news, CEO S Craig Lindner sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total transaction of $5,310,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.90% of the stock is owned by company insiders.
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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.
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