Pictet Asset Management SA Has $3.24 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Pictet Asset Management SA trimmed its holdings in shares of American Financial Group, Inc. (NYSE:AFGGet Rating) by 11.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,342 shares of the insurance provider’s stock after selling 2,918 shares during the period. Pictet Asset Management SA’s holdings in American Financial Group were worth $3,240,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. DekaBank Deutsche Girozentrale raised its holdings in shares of American Financial Group by 3.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 4,594 shares of the insurance provider’s stock valued at $695,000 after purchasing an additional 164 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of American Financial Group by 4.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 3,674 shares of the insurance provider’s stock valued at $535,000 after purchasing an additional 170 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of American Financial Group by 61.2% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 411 shares of the insurance provider’s stock valued at $60,000 after purchasing an additional 156 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in shares of American Financial Group in the 1st quarter valued at about $266,000. Finally, Arizona State Retirement System raised its holdings in shares of American Financial Group by 2.3% in the 1st quarter. Arizona State Retirement System now owns 20,066 shares of the insurance provider’s stock valued at $2,922,000 after purchasing an additional 452 shares during the period. 69.11% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Stock Up 1.4 %

American Financial Group stock opened at $142.14 on Monday. The stock has a market cap of $12.10 billion, a P/E ratio of 12.39 and a beta of 0.85. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.39. American Financial Group, Inc. has a twelve month low of $119.01 and a twelve month high of $152.29. The company’s 50-day moving average price is $133.29 and its two-hundred day moving average price is $134.50.

American Financial Group (NYSE:AFGGet Rating) last announced its earnings results on Thursday, November 3rd. The insurance provider reported $2.24 EPS for the quarter, topping the consensus estimate of $2.20 by $0.04. American Financial Group had a net margin of 14.22% and a return on equity of 24.41%. The company had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $2.71 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. As a group, analysts expect that American Financial Group, Inc. will post 11.6 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 15th will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, November 14th. This is a boost from American Financial Group’s previous dividend of $1.00. American Financial Group’s dividend payout ratio (DPR) is currently 21.97%.

Wall Street Analysts Forecast Growth

AFG has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of American Financial Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Morgan Stanley lowered their price target on shares of American Financial Group from $147.00 to $146.00 and set an “equal weight” rating on the stock in a report on Friday, August 19th.

Insider Transactions at American Financial Group

In other news, insider John B. Berding sold 12,745 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $146.24, for a total transaction of $1,863,828.80. Following the transaction, the insider now directly owns 36,083 shares of the company’s stock, valued at $5,276,777.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider John B. Berding sold 12,745 shares of the stock in a transaction that occurred on Friday, November 4th. The shares were sold at an average price of $146.24, for a total transaction of $1,863,828.80. Following the sale, the insider now owns 36,083 shares in the company, valued at approximately $5,276,777.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John B. Berding sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $148.87, for a total transaction of $595,480.00. Following the sale, the insider now owns 36,083 shares in the company, valued at approximately $5,371,676.21. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.

American Financial Group Profile

(Get Rating)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.

See Also

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

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