Ameritas Investment Partners Inc. boosted its stake in American Financial Group, Inc. (NYSE:AFG) by 95.7% during the third quarter, Holdings Channel reports. The fund owned 21,996 shares of the company’s stock after buying an additional 10,754 shares during the period. Ameritas Investment Partners Inc.’s holdings in American Financial Group were worth $1,650,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its position in American Financial Group by 9.0% in the third quarter. Ameriprise Financial Inc. now owns 289,662 shares of the company’s stock valued at $21,725,000 after buying an additional 23,922 shares during the last quarter. BlackRock Inc. boosted its position in American Financial Group by 3.3% in the third quarter. BlackRock Inc. now owns 58,567 shares of the company’s stock valued at $4,393,000 after buying an additional 1,884 shares in the last quarter. BlackRock Investment Management LLC boosted its position in American Financial Group by 2.7% in the third quarter. BlackRock Investment Management LLC now owns 215,700 shares of the company’s stock valued at $16,178,000 after buying an additional 5,709 shares in the last quarter. California State Teachers Retirement System boosted its position in American Financial Group by 0.8% in the third quarter. California State Teachers Retirement System now owns 149,999 shares of the company’s stock valued at $11,250,000 after buying an additional 1,200 shares in the last quarter. Finally, American International Group Inc. boosted its position in American Financial Group by 2.4% in the third quarter. American International Group Inc. now owns 140,915 shares of the company’s stock valued at $10,569,000 after buying an additional 3,258 shares in the last quarter. Hedge funds and other institutional investors own 59.42% of the company’s stock.
Shares of American Financial Group, Inc. (NYSE:AFG) traded up 0.39% during midday trading on Friday, reaching $91.55. 169,667 shares of the company were exchanged. American Financial Group, Inc. has a 52-week low of $65.92 and a 52-week high of $92.38. The stock has a 50-day moving average price of $88.01 and a 200 day moving average price of $79.71. The company has a market capitalization of $7.96 billion, a P/E ratio of 12.49 and a beta of 0.70.
American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, February 1st. The company reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.34. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. American Financial Group had a net margin of 9.99% and a return on equity of 10.34%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.52 earnings per share. Equities research analysts expect that American Financial Group, Inc. will post $6.29 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 25th. Shareholders of record on Friday, January 13th were issued a $0.3125 dividend. The ex-dividend date was Wednesday, January 11th. This represents a $1.25 annualized dividend and a yield of 1.37%. American Financial Group’s dividend payout ratio (DPR) is presently 17.08%.
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Several equities analysts have recently commented on AFG shares. Langen Mcalenn restated a “buy” rating on shares of American Financial Group in a report on Friday, December 30th. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $99.00 price target on the stock in a report on Tuesday, January 3rd. Finally, Macquarie cut shares of American Financial Group from an “outperform” rating to a “neutral” rating and set a $83.00 price target on the stock. in a report on Friday, December 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. American Financial Group has a consensus rating of “Buy” and an average price target of $87.67.
In related news, CEO S Craig Lindner sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $81.31, for a total transaction of $2,032,750.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Carl H. Lindner III sold 200,000 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $90.91, for a total transaction of $18,182,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,000 shares of company stock worth $22,655,250. Company insiders own 14.90% of the company’s stock.
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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