SG Americas Securities LLC lessened its stake in shares of American Financial Group Inc (NYSE:AFG) by 50.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,814 shares of the insurance provider’s stock after selling 17,261 shares during the period. SG Americas Securities LLC’s holdings in American Financial Group were worth $1,739,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of American Financial Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,700,258 shares of the insurance provider’s stock valued at $665,805,000 after purchasing an additional 182,739 shares in the last quarter. BlackRock Inc. grew its position in American Financial Group by 9.7% during the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock worth $644,783,000 after purchasing an additional 572,969 shares during the last quarter. State Street Corp grew its position in American Financial Group by 22.8% during the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock worth $262,481,000 after purchasing an additional 490,781 shares during the last quarter. Victory Capital Management Inc. grew its position in American Financial Group by 1.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,135,790 shares of the insurance provider’s stock worth $212,234,000 after purchasing an additional 37,752 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in American Financial Group by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,143,170 shares of the insurance provider’s stock worth $113,596,000 after purchasing an additional 32,100 shares during the last quarter. 60.18% of the stock is owned by institutional investors and hedge funds.
American Financial Group Inc (NYSE AFG) opened at $101.58 on Monday. American Financial Group Inc has a 12-month low of $81.80 and a 12-month 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 company has a market cap of $8,940.00, a price-to-earnings ratio of 16.02, a PEG ratio of 2.88 and a beta of 0.86.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.21. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.51 earnings per share. research analysts anticipate that American Financial Group Inc will post 6.05 EPS for the current 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 given a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 1.33%. This is a positive change from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio is currently 17.97%.
AFG has been the topic of several analyst reports. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Buckingham Research assumed coverage on shares of American Financial Group in a research note on Monday, September 11th. They issued a “neutral” rating and a $103.00 price objective for the company. Finally, BidaskClub cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. One investment 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’s stock. American Financial Group has an average rating of “Hold” and an average price target of $100.67.
In other news, CEO S Craig Lindner sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total transaction of $5,310,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.90% of the stock is currently owned by corporate 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.
Receive News & Ratings for American Financial Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.