Dimensional Fund Advisors LP Sells 43,950 Shares of American Financial Group Inc (AFG)

Dimensional Fund Advisors LP decreased its position in American Financial Group Inc (NYSE:AFG) by 2.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,755,852 shares of the insurance provider’s stock after selling 43,950 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.99% of American Financial Group worth $181,646,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of AFG. Acrospire Investment Management LLC increased its position in American Financial Group by 153.6% in the second quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock worth $131,000 after buying an additional 800 shares in the last quarter. Bessemer Group Inc. purchased a new stake in American Financial Group in the second quarter worth about $155,000. Dai Ichi Life Insurance Company Ltd purchased a new stake in American Financial Group in the third quarter worth about $201,000. TLP Group LLC purchased a new stake in American Financial Group in the second quarter worth about $194,000. Finally, Checchi Capital Advisers LLC purchased a new stake in American Financial Group in the third quarter worth about $211,000. 61.45% of the stock is currently owned by institutional investors.

Shares of American Financial Group Inc (NYSE:AFG) opened at $105.30 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $9,228.05, a PE ratio of 16.52, a price-to-earnings-growth ratio of 2.96 and a beta of 0.86. American Financial Group Inc has a 1 year low of $85.26 and a 1 year high of $106.76.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.21. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.51 earnings per share. sell-side analysts expect that American Financial Group Inc will post 6.05 EPS 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 given a dividend of $2.00 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a dividend yield of 1.33%. This is a boost from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio (DPR) is currently 17.97%.

In related news, CEO S Craig Lindner sold 50,000 shares of the stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total transaction of $5,310,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carl H. Lindner III sold 150,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The disclosure for this sale can be found here. Company insiders own 13.70% of the company’s stock.

A number of analysts have commented on AFG shares. Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub cut American Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Buckingham Research started coverage on American Financial Group in a research report on Monday, September 11th. They issued a “neutral” rating and a $103.00 price target for the company.

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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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