American Financial Group Inc (AFG) Holdings Raised by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in American Financial Group Inc (NYSE:AFG) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 110,021 shares of the insurance provider’s stock after acquiring an additional 6,587 shares during the period. Asset Management One Co. Ltd. owned approximately 0.12% of American Financial Group worth $11,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in AFG. Acrospire Investment Management LLC lifted its stake in shares of American Financial Group by 153.6% during 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 during the period. Bessemer Group Inc. acquired a new stake in shares of American Financial Group during the second quarter worth $155,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of American Financial Group during the third quarter worth $201,000. TLP Group LLC acquired a new stake in shares of American Financial Group during the second quarter worth $194,000. Finally, Strategic Global Advisors LLC acquired a new stake in shares of American Financial Group during the third quarter worth $207,000. Institutional investors own 61.45% of the company’s stock.

Several equities research analysts have recently commented on AFG shares. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, September 7th. BidaskClub downgraded shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

In related news, CEO S Craig Lindner sold 50,000 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total transaction of $15,706,500.00. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

Shares of American Financial Group Inc (NYSE:AFG) opened at $104.34 on Friday. American Financial Group Inc has a one year low of $85.57 and a one year high of $106.76. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. The company has a market cap of $9,193.71, a price-to-earnings ratio of 16.46, a PEG ratio of 2.83 and a beta of 0.86.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.21. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $979.50 million. During the same period in the previous year, the firm posted $1.51 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. research analysts predict that American Financial Group Inc will post 6.05 EPS for the current fiscal 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 was Thursday, November 16th. This is an increase from American Financial Group’s previous special dividend of $1.50. This represents a yield of 1.33%. American Financial Group’s payout ratio is currently 17.97%.

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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.

Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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