Robeco Institutional Asset Management B.V. Acquires 900 Shares of American Financial Group Inc (AFG)

Robeco Institutional Asset Management B.V. raised its holdings in American Financial Group Inc (NYSE:AFG) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 195,091 shares of the insurance provider’s stock after buying an additional 900 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in American Financial Group were worth $21,648,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. First Trust Advisors LP increased its stake in shares of American Financial Group by 53.4% during the 3rd quarter. First Trust Advisors LP now owns 87,685 shares of the insurance provider’s stock worth $9,730,000 after purchasing an additional 30,524 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of American Financial Group by 0.7% during the 3rd quarter. Retirement Systems of Alabama now owns 155,689 shares of the insurance provider’s stock worth $17,277,000 after purchasing an additional 1,125 shares during the last quarter. IFM Investors Pty Ltd increased its stake in shares of American Financial Group by 32.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 2,813 shares of the insurance provider’s stock worth $312,000 after purchasing an additional 690 shares during the last quarter. Strs Ohio increased its stake in shares of American Financial Group by 19.3% during the 3rd quarter. Strs Ohio now owns 7,202 shares of the insurance provider’s stock worth $799,000 after purchasing an additional 1,163 shares during the last quarter. Finally, Cornerstone Wealth Management LLC increased its stake in shares of American Financial Group by 81.0% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 417,153 shares of the insurance provider’s stock worth $3,968,000 after purchasing an additional 186,707 shares during the last quarter. Hedge funds and other institutional investors own 61.95% of the company’s stock.

In related news, CEO Carl H. Lindner III sold 181,000 shares of the company’s stock in a transaction dated 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 SEC, which is accessible through the SEC website. Also, Director James E. Evans sold 3,132 shares of the company’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $112.43, for a total transaction of $352,130.76. Following the completion of the transaction, the director now owns 138,192 shares in the company, valued at approximately $15,536,926.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 446,638 shares of company stock worth $50,239,767. 13.70% of the stock is owned by company insiders.



Several research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. ValuEngine lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Finally, Raymond James lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $120.33.

American Financial Group stock opened at $100.18 on Tuesday. American Financial Group Inc has a fifty-two week low of $98.22 and a fifty-two week high of $121.69. The stock has a market cap of $8.87 billion, a PE ratio of 12.90, a PEG ratio of 0.94 and a beta of 0.76. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.26.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Wednesday, August 1st. The insurance provider reported $2.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.96 by $0.08. American Financial Group had a net margin of 7.50% and a return on equity of 13.27%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $1.61 EPS. American Financial Group’s quarterly revenue was up 9.0% on a year-over-year basis. Research analysts expect that American Financial Group Inc will post 8.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Monday, October 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, October 12th. This represents a $1.60 dividend on an annualized basis and a yield of 1.60%. This is a positive change from American Financial Group’s previous quarterly dividend of $0.35. American Financial Group’s dividend payout ratio is 24.43%.

American Financial Group Profile

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

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