Swiss National Bank Acquires 3,200 Shares of American Financial Group, Inc. (AFG)
Swiss National Bank lifted its holdings in American Financial Group, Inc. (NYSE:AFG) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 274,500 shares of the insurance provider’s stock after purchasing an additional 3,200 shares during the period. Swiss National Bank owned about 311,613.12% of American Financial Group worth $28,397,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Acrospire Investment Management LLC raised its stake in American Financial Group by 153.6% during the 2nd 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 period. Bessemer Group Inc. bought a new stake in American Financial Group during the 2nd quarter worth approximately $155,000. TLP Group LLC bought a new stake in American Financial Group during the 2nd quarter worth approximately $194,000. Checchi Capital Advisers LLC bought a new stake in American Financial Group during the 3rd quarter worth approximately $211,000. Finally, ETRADE Capital Management LLC bought a new stake in American Financial Group during the 2nd quarter worth approximately $216,000. Hedge funds and other institutional investors own 60.82% of the company’s stock.
In other news, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total transaction of $5,310,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 14.90% of the company’s stock.
A number of research firms have commented on AFG. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Monday, August 7th. BidaskClub cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $100.67.
Shares of American Financial Group, Inc. (NYSE AFG) opened at $101.95 on Friday. American Financial Group, Inc. has a one year low of $79.95 and a one year high of $106.76. The company has a market cap of $8,990.00, a P/E ratio of 16.74, a price-to-earnings-growth ratio of 3.00 and a beta of 0.86. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24.
American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. During the same quarter last year, the business earned $1.51 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. equities analysts forecast that American Financial Group, Inc. will post 6.05 earnings per share for the current 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 given a dividend of $2.00 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 1.33%. This is a boost from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio (DPR) is presently 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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