DekaBank Deutsche Girozentrale lifted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 5.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,766 shares of the insurance provider’s stock after buying an additional 1,688 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American Financial Group were worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Burney Co. increased its holdings in shares of American Financial Group by 0.5% during the 2nd quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock worth $515,000 after buying an additional 25 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in American Financial Group by 1.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock valued at $241,000 after purchasing an additional 30 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in American Financial Group by 1.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 42 shares during the last quarter. World Asset Management Inc increased its holdings in American Financial Group by 1.1% in the 2nd quarter. World Asset Management Inc now owns 5,000 shares of the insurance provider’s stock valued at $497,000 after purchasing an additional 52 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in American Financial Group by 0.6% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,744 shares of the insurance provider’s stock valued at $1,068,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 60.18% of the company’s stock.

AFG has been the subject of several research reports. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub downgraded shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Buckingham Research assumed coverage on shares of American Financial Group in a report on Monday, September 11th. They issued a “neutral” rating and a $103.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. American Financial Group has a consensus rating of “Hold” and a consensus target price of $100.67.

In other American Financial Group news, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.70% of the company’s stock.

American Financial Group, Inc. (AFG) opened at $102.47 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $9,035.08, a P/E ratio of 16.17, a price-to-earnings-growth ratio of 2.90 and a beta of 0.86. American Financial Group, Inc. has a one year low of $80.73 and a one year high of $106.76.

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

The business also recently declared a special dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be issued a dividend of $2.00 per share. This is a boost from American Financial Group’s previous special dividend of $1.50. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, November 16th. American Financial Group’s dividend payout ratio (DPR) is currently 17.97%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.thecerbatgem.com/2017/11/22/american-financial-group-inc-afg-stake-increased-by-dekabank-deutsche-girozentrale.html.

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)

Receive News & Stock Ratings for American Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group Inc. and related stocks with our FREE daily email newsletter.