BNP Paribas Arbitrage SA raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 359.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,350 shares of the insurance provider’s stock after purchasing an additional 153,586 shares during the period. BNP Paribas Arbitrage SA owned 0.22% of American Financial Group worth $20,312,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Candriam Luxembourg S.C.A. acquired a new position in shares of American Financial Group during the third quarter worth $1,341,000. Bessemer Group Inc. increased its position in shares of American Financial Group by 3,469.2% during the third quarter. Bessemer Group Inc. now owns 55,786 shares of the insurance provider’s stock worth $5,772,000 after purchasing an additional 54,223 shares in the last quarter. Swiss National Bank increased its position in shares of American Financial Group by 1.2% during the third quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock worth $28,397,000 after purchasing an additional 3,200 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in shares of American Financial Group by 149.5% during the third quarter. Jaffetilchin Investment Partners LLC now owns 5,022 shares of the insurance provider’s stock worth $520,000 after purchasing an additional 3,009 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of American Financial Group by 7.2% during the third quarter. Principal Financial Group Inc. now owns 665,119 shares of the insurance provider’s stock worth $68,805,000 after purchasing an additional 44,918 shares in the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.
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A number of brokerages have recently issued reports on AFG. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock 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 on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. American Financial Group currently has an average rating of “Hold” and a consensus target price of $100.67.
Shares of American Financial Group, Inc. (NYSE AFG) traded up $0.27 on Friday, hitting $105.63. 256,300 shares of the stock were exchanged, compared to its average volume of 382,633. The stock has a market capitalization of $9,307.38, a price-to-earnings ratio of 16.66, a PEG ratio of 2.99 and a beta of 0.86. The company has a quick ratio of 0.17, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. American Financial Group, Inc. has a 12-month low of $78.31 and a 12-month high of $106.52.
American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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. 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%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.51 earnings per share. equities research analysts forecast that American Financial Group, Inc. will post 6.05 EPS for the current fiscal year.
The business also recently disclosed a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a positive change from American Financial Group’s previous special dividend of $1.50. This represents a dividend yield of 1.33%. American Financial Group’s payout ratio is 17.97%.
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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