Bank of New York Mellon Corp cut its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,108,597 shares of the insurance provider’s stock after selling 34,573 shares during the period. Bank of New York Mellon Corp owned approximately 1.26% of American Financial Group worth $114,685,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AFG. Acrospire Investment Management LLC grew its position in shares of American Financial Group by 153.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 800 shares during the period. Bessemer Group Inc. purchased a new position in American Financial Group in the 2nd quarter valued at about $155,000. TLP Group LLC purchased a new position in American Financial Group in the 2nd quarter valued at about $194,000. Checchi Capital Advisers LLC purchased a new position in American Financial Group in the 3rd quarter valued at about $211,000. Finally, ETRADE Capital Management LLC purchased a new position in American Financial Group in the 2nd quarter valued at about $216,000. Hedge funds and other institutional investors own 60.18% of the company’s stock.

In other American Financial Group news, CEO S Craig Lindner sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total value of $5,310,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 14.90% of the company’s stock.

American Financial Group, Inc. (NYSE:AFG) opened at $102.13 on Friday. The firm has a market cap of $8,998.96, a PE ratio of 16.11, a P/E/G ratio of 2.89 and a beta of 0.86. American Financial Group, Inc. has a 12 month low of $81.33 and a 12 month high of $106.76. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.21. The firm had revenue of $1.27 billion for 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%. American Financial Group’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company posted $1.51 EPS. equities analysts anticipate that American Financial Group, Inc. will post 6.05 earnings per share for the current fiscal year.

The firm 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 $2.00 dividend. This represents a yield of 1.33%. This is a positive change from American Financial Group’s previous special dividend of $1.50. The ex-dividend date is Thursday, November 16th. American Financial Group’s dividend payout ratio (DPR) is 17.97%.

AFG has been the topic of a number of research reports. Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Buckingham Research initiated coverage on shares of American Financial Group in a research note on Monday, September 11th. They issued a “neutral” rating and a $103.00 price target on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. American Financial Group currently has a consensus rating of “Hold” and an average target price of $100.67.

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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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