Janus Henderson Group PLC reduced its stake in shares of American Financial Group Inc (NYSE:AFG) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,671 shares of the insurance provider’s stock after selling 22,600 shares during the quarter. Janus Henderson Group PLC owned 0.14% of American Financial Group worth $14,168,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in AFG. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in American Financial Group by 25,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,004 shares of the insurance provider’s stock worth $111,000 after acquiring an additional 1,000 shares in the last quarter. Checchi Capital Advisers LLC acquired a new position in American Financial Group during the third quarter worth $203,000. First Hawaiian Bank acquired a new position in American Financial Group during the third quarter worth $211,000. KCM Investment Advisors LLC acquired a new position in American Financial Group during the second quarter worth $212,000. Finally, Reliance Trust Co. of Delaware acquired a new position in American Financial Group during the third quarter worth $213,000. Hedge funds and other institutional investors own 62.79% of the company’s stock.
Shares of AFG stock opened at $95.19 on Friday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25. The firm has a market cap of $8.69 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.90 and a beta of 0.84. American Financial Group Inc has a 52 week low of $94.97 and a 52 week high of $121.69.
American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, October 30th. The insurance provider reported $2.19 EPS for the quarter, topping the consensus estimate of $1.88 by $0.31. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. American Financial Group had a return on equity of 15.39% and a net margin of 9.98%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.06 earnings per share. As a group, equities analysts predict that American Financial Group Inc will post 8.6 EPS for the current year.
The firm also recently announced a special dividend, which was paid on Monday, November 26th. Stockholders of record on Friday, November 16th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, November 15th. American Financial Group’s payout ratio is presently 24.43%.
Several research firms have issued reports on AFG. ValuEngine lowered American Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research reiterated a “buy” rating and set a $115.00 price objective on shares of American Financial Group in a research note on Monday, November 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $118.67.
In other news, CEO Carl H. Lindner III sold 181,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $113.49, for a total transaction of $20,541,690.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 14.90% of the stock is currently owned by corporate insiders.
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American Financial Group Profile
American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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