Candriam Luxembourg S.C.A. bought a new position in American Financial Group, Inc. (NYSE:AFG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,961 shares of the insurance provider’s stock, valued at approximately $1,341,000.

A number of other hedge funds also recently added to or reduced their stakes in AFG. Acrospire Investment Management LLC raised its holdings 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 purchasing an additional 800 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of American Financial Group during the 2nd quarter valued at $155,000. TLP Group LLC bought a new position in shares of American Financial Group during the 2nd quarter valued at $194,000. Checchi Capital Advisers LLC bought a new position in shares of American Financial Group during the 3rd quarter valued at $211,000. Finally, ETRADE Capital Management LLC bought a new position in shares of American Financial Group during the 2nd quarter valued at $216,000. Institutional investors own 60.82% 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 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 this link. Company insiders own 14.90% of the company’s stock.

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American Financial Group, Inc. (NYSE:AFG) opened at $101.95 on Friday. The company has a market cap of $8,983.12, a price-to-earnings ratio of 16.08, a P/E/G ratio of 2.89 and a beta of 0.86. American Financial Group, Inc. has a twelve month low of $79.95 and a twelve 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 announced its 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. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $979.50 million. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 EPS. analysts expect that American Financial Group, Inc. will post 6.05 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be given 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 of this dividend is Thursday, November 16th. American Financial Group’s dividend payout ratio (DPR) is currently 17.97%.

Several brokerages recently commented on AFG. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub downgraded shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Buckingham Research began coverage on shares of American Financial Group in a report on Monday, September 11th. They issued a “neutral” rating and a $103.00 target price on the stock. One research 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. American Financial Group has a consensus 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.

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

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