American Financial Group, Inc. (AFG) Position Boosted by Retirement Systems of Alabama
Retirement Systems of Alabama increased its position in American Financial Group, Inc. (NYSE:AFG) by 2.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 150,425 shares of the insurance provider’s stock after purchasing an additional 3,186 shares during the period. Retirement Systems of Alabama owned about 0.17% of American Financial Group worth $15,561,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of AFG. Acrospire Investment Management LLC boosted its stake in American Financial Group by 153.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock worth $131,000 after purchasing an additional 800 shares during the period. Bessemer Group Inc. acquired a new position in American Financial Group in the 2nd quarter worth approximately $155,000. TLP Group LLC acquired a new position in American Financial Group in the 2nd quarter worth approximately $194,000. Checchi Capital Advisers LLC acquired a new position in American Financial Group in the 3rd quarter worth approximately $211,000. Finally, ETRADE Capital Management LLC acquired a new position in American Financial Group in the 2nd quarter worth approximately $216,000. 60.82% of the stock is owned by hedge funds and other institutional investors.
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Shares of American Financial Group, Inc. (AFG) opened at $106.43 on Thursday. The stock has a market cap of $9,348.76, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 3.00 and a beta of 0.86. American Financial Group, Inc. has a 52 week low of $79.95 and a 52 week 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.
American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $979.50 million. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. equities research analysts expect that American Financial Group, Inc. will post 6.05 earnings per share for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be paid 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 (DPR) is 17.97%.
In other American Financial Group news, CEO S Craig Lindner sold 50,000 shares of American Financial Group 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.90% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Buckingham Research assumed coverage on shares of American Financial Group in a research note on Monday, September 11th. They set a “neutral” rating and a $103.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $100.67.
About American Financial Group
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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