State of Tennessee Treasury Department Sells 90,000 Shares of American Financial Group, Inc. (AFG)

State of Tennessee Treasury Department decreased its holdings in American Financial Group, Inc. (NYSE:AFG) by 71.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 36,300 shares of the insurance provider’s stock after selling 90,000 shares during the quarter. State of Tennessee Treasury Department’s holdings in American Financial Group were worth $3,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC lifted its position in American Financial Group by 153.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 800 shares in the last quarter. Bessemer Group Inc. bought a new position in American Financial Group in the 2nd quarter valued at about $155,000. TLP Group LLC bought a new position in American Financial Group in the 2nd quarter valued at about $194,000. ETRADE Capital Management LLC bought a new position in American Financial Group in the 2nd quarter valued at about $216,000. Finally, Gilbert & Cook Inc. bought a new position in American Financial Group in the 2nd quarter valued at about $220,000. 60.82% of the stock is currently owned by institutional investors and hedge funds.

In other American Financial Group news, CEO S Craig Lindner sold 50,000 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.90% of the company’s stock.

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Separately, Zacks Investment Research raised shares of 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $100.67.

Shares of American Financial Group, Inc. (AFG) opened at $106.43 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $9,348.76, a PE ratio of 16.74, a price-to-earnings-growth ratio of 3.00 and a beta of 0.86. American Financial Group, Inc. has a one year low of $79.95 and a one year high of $106.76.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.21. The firm had revenue of $1.27 billion during 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 company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $1.51 EPS. equities research analysts forecast that American Financial Group, Inc. will post 6.05 earnings per share for the current year.

The company also recently disclosed a special dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be paid a $2.00 dividend. 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. This represents a yield of 1.33%. American Financial Group’s dividend payout ratio (DPR) is 17.97%.

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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