American Financial Group, Inc. (AFG) Shares Sold by Chicago Equity Partners LLC
Chicago Equity Partners LLC trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 36.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,210 shares of the insurance provider’s stock after selling 29,925 shares during the quarter. Chicago Equity Partners LLC owned 0.06% of American Financial Group worth $5,401,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in AFG. Wellington Management Group LLP purchased a new position in American Financial Group during the 1st quarter valued at about $583,000. Teachers Advisors LLC boosted its holdings in American Financial Group by 4.5% during the 1st quarter. Teachers Advisors LLC now owns 125,361 shares of the insurance provider’s stock valued at $11,962,000 after acquiring an additional 5,436 shares during the period. PNC Financial Services Group Inc. boosted its holdings in American Financial Group by 6.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,339 shares of the insurance provider’s stock valued at $414,000 after acquiring an additional 254 shares during the period. Renaissance Technologies LLC purchased a new position in American Financial Group during the 1st quarter valued at about $849,000. Finally, Tudor Investment Corp ET AL purchased a new position in American Financial Group during the 1st quarter valued at about $258,000. Institutional investors own 62.17% of the company’s stock.
American Financial Group, Inc. (AFG) opened at $104.51 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.17. The stock has a market capitalization of $9,246.55, a PE ratio of 16.55, a PEG ratio of 2.74 and a beta of 0.86. American Financial Group, Inc. has a 52 week low of $75.05 and a 52 week high of $106.52.
American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 EPS. sell-side analysts expect that American Financial Group, Inc. will post 6.05 earnings per share for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be paid a $2.00 dividend. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, November 16th. This is a boost from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio (DPR) is presently 17.97%.
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A number of equities analysts recently commented on AFG shares. Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub cut American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. One investment 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 company currently has a consensus rating of “Hold” and a consensus target price of $100.67.
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.
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