California Public Employees Retirement System increased its position in shares of American Financial Group Inc (NYSE:AFG) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 226,933 shares of the insurance provider’s stock after acquiring an additional 6,675 shares during the quarter. California Public Employees Retirement System owned approximately 0.26% of American Financial Group worth $23,476,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of American Financial Group by 7.9% during the second quarter. Principal Financial Group Inc. now owns 620,201 shares of the insurance provider’s stock worth $61,629,000 after buying an additional 45,232 shares during the period. Swiss National Bank increased its stake in American Financial Group by 1.2% in the third quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock valued at $28,397,000 after purchasing an additional 3,200 shares during the last quarter. Prudential Financial Inc. increased its stake in American Financial Group by 20.5% in the second quarter. Prudential Financial Inc. now owns 950,796 shares of the insurance provider’s stock valued at $94,480,000 after purchasing an additional 161,661 shares during the last quarter. Andra AP fonden purchased a new position in shares of American Financial Group during the second quarter worth approximately $3,975,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Financial Group by 2,245.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,568 shares of the insurance provider’s stock worth $6,217,000 after acquiring an additional 59,900 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.
American Financial Group Inc (AFG) traded up $0.79 during trading on Thursday, reaching $108.34. The company’s stock had a trading volume of 239,740 shares, compared to its average volume of 307,184. American Financial Group Inc has a 12 month low of $85.57 and a 12 month high of $109.43. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $9,540.00, a P/E ratio of 13.91, a P/E/G ratio of 2.59 and a beta of 0.85.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $979.50 million. During the same quarter last year, the business posted $1.51 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. equities analysts anticipate that American Financial Group Inc will post 6.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Monday, January 15th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, January 11th. American Financial Group’s dividend payout ratio is currently 17.97%.
A number of equities analysts have recently issued reports on the stock. Sandler O’Neill restated a “buy” rating and set a $119.00 target price on shares of American Financial Group in a research report on Wednesday. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 21st.
In other American Financial Group news, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction dated Wednesday, November 15th. The shares were 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. In the last 90 days, insiders sold 201,438 shares of company stock valued at $21,166,854. Company insiders own 13.70% of the company’s stock.
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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.
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