Commonwealth Bank of Australia grew its position in shares of American Financial Group Inc (NYSE:AFG) by 13.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,566 shares of the insurance provider’s stock after purchasing an additional 1,600 shares during the quarter. Commonwealth Bank of Australia’s holdings in American Financial Group were worth $1,399,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of AFG. BlackRock Inc. grew its holdings in shares of American Financial Group by 9.7% in the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock worth $644,783,000 after acquiring an additional 572,969 shares during the last quarter. State Street Corp grew its holdings in shares of American Financial Group by 22.8% in the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock worth $262,481,000 after acquiring an additional 490,781 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of American Financial Group by 35.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 913,932 shares of the insurance provider’s stock worth $90,817,000 after acquiring an additional 237,195 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of American Financial Group during the second quarter valued at $20,516,000. Finally, APG Asset Management N.V. grew its holdings in shares of American Financial Group by 182.7% during the third quarter. APG Asset Management N.V. now owns 292,900 shares of the insurance provider’s stock valued at $30,301,000 after buying an additional 189,300 shares in the last quarter. Institutional investors and hedge funds own 60.46% of the company’s stock.

A number of brokerages have recently weighed in on AFG. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Buckingham Research began coverage on American Financial Group in a report on Monday, September 11th. They set a “neutral” rating and a $103.00 price target on the stock. Finally, BidaskClub downgraded American Financial Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th.

In related news, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total transaction of $15,706,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total value of $5,310,500.00. The disclosure for this sale can be found here. Insiders own 13.70% of the company’s stock.

American Financial Group Inc (NYSE:AFG) opened at $104.61 on Wednesday. American Financial Group Inc has a twelve month low of $82.92 and a twelve month high of $106.76. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $9,324.09, a price-to-earnings ratio of 16.69, a PEG ratio of 3.00 and a beta of 0.86.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $979.50 million. During the same quarter in the previous year, the company posted $1.51 earnings per share. American Financial Group’s revenue for the quarter was up 9.3% compared to the same quarter last year. analysts expect that American Financial Group Inc will post 6.05 EPS for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 17th were issued a dividend of $2.00 per share. This is an increase from American Financial Group’s previous special dividend of $1.50. The ex-dividend date of this dividend was Thursday, November 16th. This represents a dividend yield of 1.33%. American Financial Group’s payout ratio is currently 17.97%.

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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.

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

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