IFM Investors Pty Ltd Buys 1,281 Shares of American Financial Group, Inc. $AFG

IFM Investors Pty Ltd increased its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 11.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,256 shares of the insurance provider’s stock after purchasing an additional 1,281 shares during the quarter. IFM Investors Pty Ltd’s holdings in American Financial Group were worth $1,547,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA grew its position in American Financial Group by 144.3% in the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 127 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in American Financial Group in the 1st quarter valued at $34,000. Lazard Asset Management LLC bought a new position in American Financial Group in the 4th quarter valued at $53,000. Headlands Technologies LLC bought a new position in American Financial Group in the 1st quarter valued at $55,000. Finally, Costello Asset Management INC bought a new position in American Financial Group in the 1st quarter valued at $68,000. Institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Keefe, Bruyette & Woods cut their price objective on American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a report on Tuesday, August 12th. Finally, Jefferies Financial Group increased their price objective on American Financial Group from $125.00 to $130.00 and gave the company a “hold” rating in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $136.75.

Insider Buying and Selling

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of American Financial Group stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the completion of the sale, the director directly owned 326,730 shares of the company’s stock, valued at $43,883,106.30. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.40% of the stock is owned by insiders.

American Financial Group Trading Up 0.8%

Shares of NYSE AFG opened at $142.47 on Tuesday. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $132.39 and a 200-day simple moving average of $127.88. The stock has a market capitalization of $11.88 billion, a PE ratio of 15.66 and a beta of 0.73.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, July 15th. American Financial Group’s payout ratio is presently 35.16%.

American Financial Group Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.