Bank of Montreal Can boosted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 344.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 108,798 shares of the insurance provider’s stock after buying an additional 84,306 shares during the period. Bank of Montreal Can owned about 0.12% of American Financial Group worth $10,811,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley boosted its position in American Financial Group by 82.9% in the first quarter. Morgan Stanley now owns 227,007 shares of the insurance provider’s stock worth $21,662,000 after buying an additional 102,874 shares during the period. BTIM Corp. boosted its position in American Financial Group by 3.1% in the first quarter. BTIM Corp. now owns 105,104 shares of the insurance provider’s stock worth $10,029,000 after buying an additional 3,198 shares during the period. Mackenzie Financial Corp boosted its position in American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock worth $616,000 after buying an additional 30 shares during the period. BlackRock Inc. boosted its position in American Financial Group by 10,325.5% in the first quarter. BlackRock Inc. now owns 5,915,732 shares of the insurance provider’s stock worth $564,476,000 after buying an additional 5,858,989 shares during the period. Finally, Creative Planning boosted its position in American Financial Group by 3.1% in the first quarter. Creative Planning now owns 11,173 shares of the insurance provider’s stock worth $1,066,000 after buying an additional 336 shares during the period. Institutional investors own 62.86% of the company’s stock.
Shares of American Financial Group, Inc. (NYSE AFG) traded down 0.62% during mid-day trading on Friday, reaching $101.66. 313,947 shares of the company’s stock were exchanged. American Financial Group, Inc. has a 1-year low of $73.38 and a 1-year high of $105.58. The company’s 50 day moving average is $102.00 and its 200 day moving average is $97.62. The stock has a market capitalization of $8.95 billion, a PE ratio of 11.46 and a beta of 0.83.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.31. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 earnings per share. Equities research analysts anticipate that American Financial Group, Inc. will post $6.80 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, July 12th. American Financial Group’s payout ratio is 14.06%.
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AFG has been the topic of a number of analyst reports. Zacks Investment Research upgraded 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 note on Monday, May 8th. BidaskClub downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, June 24th.
In other American Financial Group news, CEO S Craig Lindner sold 11,178 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $98.30, for a total transaction of $1,098,797.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider John B. Berding sold 12,792 shares of the stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $101.13, for a total transaction of $1,293,654.96. Following the transaction, the insider now directly owns 66,057 shares in the company, valued at $6,680,344.41. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 327,169 shares of company stock worth $32,890,665. Insiders own 14.90% of the company’s stock.
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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