Pictet Asset Management Ltd. raised its position in shares of American Financial Group, Inc. (NYSE:AFG) by 11.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,700 shares of the insurance provider’s stock after acquiring an additional 2,800 shares during the quarter. Pictet Asset Management Ltd.’s holdings in American Financial Group were worth $2,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Burney Co. boosted its position in American Financial Group by 0.5% during the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock valued at $515,000 after acquiring an additional 25 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in American Financial Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock valued at $241,000 after acquiring an additional 30 shares during the last quarter. State of Alaska Department of Revenue boosted its position in American Financial Group by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 6,190 shares of the insurance provider’s stock valued at $615,000 after acquiring an additional 40 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its position in American Financial Group by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after acquiring an additional 42 shares during the last quarter. Finally, World Asset Management Inc boosted its position in American Financial Group by 1.1% during the second quarter. World Asset Management Inc now owns 5,000 shares of the insurance provider’s stock valued at $497,000 after acquiring an additional 52 shares during the last quarter. 60.82% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group, Inc. (NYSE:AFG) opened at $106.03 on Tuesday. American Financial Group, Inc. has a fifty-two week low of $79.55 and a fifty-two week high of $106.61. The firm has a market cap of $9,307.35, a PE ratio of 16.66, a PEG ratio of 2.99 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 announced its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $979.50 million. During the same quarter in the prior year, the business earned $1.51 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. sell-side analysts forecast that American Financial Group, Inc. will post 6.05 EPS for the current fiscal 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 issued a dividend of $2.00 per share. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 1.33%. This is a positive change from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio is currently 17.97%.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Thursday, September 14th. Buckingham Research assumed coverage on shares of American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $100.67.

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About American Financial Group

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.

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

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