AQR Capital Management LLC lessened its position in American Financial Group Inc (NYSE:AFG) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,420,728 shares of the insurance provider’s stock after selling 112,392 shares during the period. AQR Capital Management LLC owned approximately 1.59% of American Financial Group worth $157,658,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of American Financial Group by 25,000.0% in 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 buying an additional 1,000 shares during the last quarter. Honkamp Krueger Financial Services Inc. bought a new stake in shares of American Financial Group in the third quarter worth $111,000. FMR LLC bought a new stake in American Financial Group during the third quarter valued at $113,000. Checchi Capital Advisers LLC bought a new stake in American Financial Group during the third quarter valued at $203,000. Finally, First Hawaiian Bank bought a new stake in American Financial Group during the third quarter valued at $211,000. Institutional investors own 62.67% of the company’s stock.
In other news, CEO Carl H. Lindner III sold 28,668 shares of the company’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $91.05, for a total value of $2,610,221.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gregory G. Joseph purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was purchased at an average cost of $92.91 per share, with a total value of $92,910.00. Following the purchase, the director now owns 35,594 shares in the company, valued at approximately $3,307,038.54. The disclosure for this purchase can be found here. 13.70% of the stock is currently owned by insiders.
American Financial Group stock traded down $0.10 during midday trading on Friday, hitting $93.40. The company’s stock had a trading volume of 294,500 shares, compared to its average volume of 409,050. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25. American Financial Group Inc has a 12 month low of $84.18 and a 12 month high of $121.69. The stock has a market cap of $8.22 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.85 and a beta of 0.92.
American Financial Group (NYSE:AFG) last issued its quarterly 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 firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. American Financial Group had a net margin of 9.98% and a return on equity of 15.39%. American Financial Group’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 earnings per share. On average, equities analysts predict that American Financial Group Inc will post 8.6 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 25th. Shareholders of record on Tuesday, January 15th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, January 14th. This represents a $1.60 annualized dividend and a yield of 1.71%. American Financial Group’s payout ratio is presently 24.43%.
Several analysts have weighed in on AFG shares. Zacks Investment Research reiterated a “buy” rating and set a $115.00 target price on shares of American Financial Group in a research note on Monday, November 12th. Keefe, Bruyette & Woods began coverage on shares of American Financial Group in a report on Thursday. They set a “market perform” rating and a $107.00 price target for the company. Finally, ValuEngine downgraded shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $114.67.
About American Financial Group
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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