WINTON GROUP Ltd boosted its holdings in American Financial Group Inc (NYSE:AFG) by 4.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 16,243 shares of the insurance provider’s stock after buying an additional 741 shares during the period. WINTON GROUP Ltd’s holdings in American Financial Group were worth $1,802,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Principal Financial Group Inc. boosted its position in American Financial Group by 7.6% during the first quarter. Principal Financial Group Inc. now owns 742,687 shares of the insurance provider’s stock worth $83,343,000 after purchasing an additional 52,766 shares during the period. Brown Advisory Inc. bought a new stake in American Financial Group during the first quarter worth approximately $310,000. IFM Investors Pty Ltd bought a new stake in American Financial Group during the second quarter worth approximately $228,000. State of Alaska Department of Revenue boosted its position in American Financial Group by 39.9% during the second quarter. State of Alaska Department of Revenue now owns 7,720 shares of the insurance provider’s stock worth $828,000 after purchasing an additional 2,200 shares during the period. Finally, Retirement Systems of Alabama boosted its position in American Financial Group by 0.4% during the second quarter. Retirement Systems of Alabama now owns 154,564 shares of the insurance provider’s stock worth $16,589,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds own 62.79% of the company’s stock.
AFG has been the subject of a number of recent analyst reports. ValuEngine cut American Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research cut American Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $118.67.
In related news, CEO Carl H. Lindner III sold 181,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $113.49, for a total value of $20,541,690.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.70% of the stock is owned by company insiders.
Shares of AFG traded down $3.70 during mid-day trading on Wednesday, hitting $99.36. The company’s stock had a trading volume of 326,869 shares, compared to its average volume of 436,333. American Financial Group Inc has a one year low of $98.22 and a one year high of $121.69. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 0.96 and a beta of 0.84.
American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.31. American Financial Group had a return on equity of 15.39% and a net margin of 9.98%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the business earned $1.06 earnings per share. American Financial Group’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities analysts predict that American Financial Group Inc will post 8.6 EPS for the current year.
The company also recently announced a special dividend, which was paid on Monday, November 26th. Investors of record on Friday, November 16th were given a $1.50 dividend. The ex-dividend date was Thursday, November 15th. American Financial Group’s dividend payout ratio (DPR) is currently 24.43%.
American Financial Group Company Profile
American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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