American Financial Group, Inc. (AFG) Shares Bought by Bessemer Group Inc.
Bessemer Group Inc. increased its stake in American Financial Group, Inc. (NYSE:AFG) by 3,469.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 55,786 shares of the insurance provider’s stock after acquiring an additional 54,223 shares during the period. Bessemer Group Inc. owned approximately 0.06% of American Financial Group worth $5,772,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in shares of American Financial Group by 153.6% in the second quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 800 shares during the last quarter. TLP Group LLC acquired a new stake in shares of American Financial Group in the second quarter worth approximately $194,000. Checchi Capital Advisers LLC acquired a new stake in shares of American Financial Group in the third quarter worth approximately $211,000. ETRADE Capital Management LLC acquired a new stake in shares of American Financial Group in the second quarter worth approximately $216,000. Finally, Gilbert & Cook Inc. acquired a new stake in shares of American Financial Group in the second quarter worth approximately $220,000. 62.17% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Thursday, September 14th. One investment 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. The company currently has an average rating of “Hold” and a consensus price target of $100.67.
Shares of American Financial Group, Inc. (AFG) opened at $105.63 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.17. American Financial Group, Inc. has a 12-month low of $78.31 and a 12-month high of $106.52. The stock has a market cap of $9,307.38, a P/E ratio of 16.66, a P/E/G ratio of 2.99 and a beta of 0.86.
American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.21. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. During the same period last year, the company earned $1.51 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. analysts anticipate that American Financial Group, Inc. will post 6.05 EPS for the current fiscal year.
The firm also recently declared a special dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be given a dividend of $2.00 per share. This represents a yield of 1.33%. This is a boost from American Financial Group’s previous special dividend of $1.50. The ex-dividend date of this dividend is Thursday, November 16th. 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.
Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG).
Receive News & Ratings for American Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.