DekaBank Deutsche Girozentrale Increases Holdings in American Financial Group Inc (AFG)

DekaBank Deutsche Girozentrale raised its holdings in shares of American Financial Group Inc (NYSE:AFG) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 38,419 shares of the insurance provider’s stock after buying an additional 544 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American Financial Group were worth $4,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in American Financial Group by 25,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,004 shares of the insurance provider’s stock valued at $111,000 after acquiring an additional 1,000 shares during the period. FMR LLC acquired a new position in shares of American Financial Group in the 3rd quarter valued at $113,000. Checchi Capital Advisers LLC acquired a new position in shares of American Financial Group in the 3rd quarter valued at $203,000. First Hawaiian Bank acquired a new position in shares of American Financial Group in the 3rd quarter valued at $211,000. Finally, KCM Investment Advisors LLC acquired a new position in shares of American Financial Group in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 70.86% of the company’s stock.

Several research firms recently issued reports on AFG. Zacks Investment Research reiterated a “buy” rating and issued a $115.00 target price on shares of American Financial Group in a research note on Monday, November 12th. ValuEngine cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $118.67.

AFG opened at $102.36 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.25. American Financial Group Inc has a 1 year low of $98.22 and a 1 year high of $121.69. The firm has a market capitalization of $9.14 billion, a P/E ratio of 11.57, a PEG ratio of 0.95 and a beta of 0.84.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.31. American Financial Group had a net margin of 9.98% and a return on equity of 15.39%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $1.06 EPS. The business’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts forecast that American Financial Group Inc will post 8.6 earnings per share for the current fiscal year.

The company also recently announced a special dividend, which was paid on Monday, November 26th. Investors of record on Friday, November 16th were paid a $1.50 dividend. The ex-dividend date of this dividend was Thursday, November 15th. American Financial Group’s dividend payout ratio is currently 24.43%.

In related news, CEO Carl H. Lindner III sold 181,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $113.49, for a total value of $20,541,690.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 14.90% of the company’s stock.

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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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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).

Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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