American Financial Group, Inc. $AFG Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 72.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,894 shares of the insurance provider’s stock after acquiring an additional 24,334 shares during the period. Nordea Investment Management AB owned 0.07% of American Financial Group worth $7,249,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Financial Group Inc. 401 K Retirement & Savings Plan grew its stake in American Financial Group by 0.9% during the 1st quarter. American Financial Group Inc. 401 K Retirement & Savings Plan now owns 2,616,928 shares of the insurance provider’s stock worth $343,707,000 after buying an additional 23,228 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of American Financial Group by 395.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,520,714 shares of the insurance provider’s stock valued at $331,071,000 after buying an additional 2,012,027 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of American Financial Group by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 983,398 shares of the insurance provider’s stock valued at $129,147,000 after buying an additional 14,265 shares during the period. Northern Trust Corp lifted its holdings in shares of American Financial Group by 2.4% in the 1st quarter. Northern Trust Corp now owns 820,955 shares of the insurance provider’s stock valued at $107,824,000 after buying an additional 18,886 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in American Financial Group by 8.3% during the first quarter. Goldman Sachs Group Inc. now owns 707,682 shares of the insurance provider’s stock worth $92,947,000 after purchasing an additional 54,204 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Transactions at American Financial Group

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the business’s 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 owned 326,730 shares of the company’s stock, valued at approximately $43,883,106.30. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.40% of the company’s stock.

American Financial Group Stock Performance

American Financial Group stock opened at $130.63 on Tuesday. The firm has a market capitalization of $10.89 billion, a P/E ratio of 14.35 and a beta of 0.74. The stock has a fifty day moving average price of $138.71 and a 200 day moving average price of $129.95. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week 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.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 5th. The insurance provider reported $2.14 EPS for the quarter, beating the consensus estimate of $2.08 by $0.06. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.77 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.56 earnings per share. Equities research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. This is a boost from American Financial Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 15th. American Financial Group’s dividend payout ratio (DPR) is presently 38.68%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group lifted their price objective on American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Financial Group in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods cut their price target on American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, American Financial Group presently has a consensus rating of “Hold” and an average price target of $136.75.

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.