American Financial Group Inc (AFG) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in American Financial Group Inc (NYSE:AFG) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 467,606 shares of the insurance provider’s stock after buying an additional 36,551 shares during the period. JPMorgan Chase & Co. owned approximately 0.53% of American Financial Group worth $48,590,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Burney Co. increased its stake in shares of American Financial Group by 0.5% during the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock worth $515,000 after buying an additional 25 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of American Financial Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after buying an additional 30 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of American Financial Group by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock worth $220,000 after buying an additional 42 shares during the period. World Asset Management Inc increased its stake in shares of American Financial Group by 1.1% during the second quarter. World Asset Management Inc now owns 5,000 shares of the insurance provider’s stock worth $497,000 after buying an additional 52 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of American Financial Group by 0.6% during 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 buying an additional 67 shares during the period. Hedge funds and other institutional investors own 60.46% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

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

American Financial Group Inc (AFG) opened at $104.79 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $9,220.00, a P/E ratio of 16.46, a P/E/G ratio of 2.95 and a beta of 0.86. American Financial Group Inc has a fifty-two week low of $85.07 and a fifty-two week high of $106.76.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.21. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 earnings per share. equities analysts anticipate that American Financial Group Inc will post 6.05 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were issued a $2.00 dividend. This represents a yield of 1.33%. This is an increase from American Financial Group’s previous special dividend of $1.50. The ex-dividend date was Thursday, November 16th. American Financial Group’s dividend payout ratio is 17.97%.

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American Financial Group Company 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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