Caisse DE Depot ET Placement DU Quebec grew its stake in American Financial Group Inc (NYSE:AFG) by 1,535.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 91,579 shares of the insurance provider’s stock after purchasing an additional 85,979 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.10% of American Financial Group worth $9,514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Burney Co. grew its position in American Financial Group by 0.5% in the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock worth $515,000 after acquiring an additional 25 shares during the period. Oppenheimer & Co. Inc. grew its position in American Financial Group by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after acquiring an additional 30 shares during the period. Public Employees Retirement Association of Colorado grew its position in American Financial Group by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock worth $220,000 after acquiring an additional 42 shares during the period. World Asset Management Inc grew its position in American Financial Group by 1.1% in the second quarter. World Asset Management Inc now owns 5,000 shares of the insurance provider’s stock worth $497,000 after acquiring an additional 52 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in American Financial Group by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,744 shares of the insurance provider’s stock worth $1,068,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 60.46% of the company’s stock.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research report on Thursday, September 14th. Buckingham Research began coverage on American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 price target for the company.

American Financial Group Inc (AFG) opened at $104.33 on Friday. American Financial Group Inc has a 52-week low of $84.04 and a 52-week high of $106.76. The company has a market capitalization of $9,198.97, a price-to-earnings ratio of 16.47, a PEG ratio of 2.95 and a beta of 0.86. 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 released its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $979.50 million. During the same period last year, the business posted $1.51 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. equities research analysts predict that American Financial Group Inc will post 6.05 EPS for the current year.

The company also recently declared a special dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 17th were given a dividend of $2.00 per share. This is a positive change from American Financial Group’s previous special dividend of $1.50. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, November 16th. American Financial Group’s dividend payout ratio (DPR) is currently 17.97%.

In other news, CEO Carl H. Lindner III sold 150,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total transaction of $15,706,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO S Craig Lindner sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total value of $5,310,500.00. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

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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.

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

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