Today: Today, Wells Fargo & Company MN invests in American Financial Group Inc. (AFG) Shares

Today, Wells Fargo & Company MN invests in American Financial Group Inc. (AFG) Shares

Wells Fargo & Company MN increased its position in American Financial Group Inc. (NYSE:AFG) by 2.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,197 shares of the company’s stock after buying an additional 6,839 shares during the period. Wells Fargo & Company MN owned approximately 0.28% of American Financial Group worth $18,540,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC raised its position in shares of American Financial Group by 73.6% in the second quarter. LS Investment Advisors LLC now owns 4,285 shares of the company’s stock worth $317,000 after buying an additional 1,816 shares during the last quarter. Dorsey Wright & Associates raised its position in shares of American Financial Group by 30.3% in the second quarter. Dorsey Wright & Associates now owns 10,293 shares of the company’s stock worth $761,000 after buying an additional 2,394 shares during the last quarter. Reinhart Partners Inc. raised its position in shares of American Financial Group by 5.8% in the second quarter. Reinhart Partners Inc. now owns 209,752 shares of the company’s stock worth $15,507,000 after buying an additional 11,588 shares during the last quarter. First Quadrant L P CA raised its position in shares of American Financial Group by 160.6% in the second quarter. First Quadrant L P CA now owns 181,100 shares of the company’s stock worth $13,389,000 after buying an additional 111,600 shares during the last quarter. Finally, Leavell Investment Management Inc. raised its position in shares of American Financial Group by 7.0% in the second quarter. Leavell Investment Management Inc. now owns 7,600 shares of the company’s stock worth $562,000 after buying an additional 500 shares during the last quarter. 59.68% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Inc. (NYSE:AFG) traded up 0.65% during trading on Friday, hitting $82.29. 97,657 shares of the stock were exchanged. The firm has a market cap of $7.15 billion, a PE ratio of 18.56 and a beta of 0.63. American Financial Group Inc. has a 52 week low of $64.87 and a 52 week high of $82.35. The firm’s 50-day moving average is $77.11 and its 200 day moving average is $74.17.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, November 1st. The company reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.02. The firm earned $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. American Financial Group had a net margin of 6.16% and a return on equity of 9.74%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.38 earnings per share. Analysts expect that American Financial Group Inc. will post $5.67 earnings per share for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Wednesday, December 7th. Investors of record on Wednesday, November 23rd will be paid a dividend of $1.00 per share. This represents a yield of 1.64%. The ex-dividend date is Monday, November 21st. American Financial Group’s dividend payout ratio is presently 28.15%.

A number of brokerages recently weighed in on AFG. Zacks Investment Research lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 3rd. Sandler O’Neill upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $74.00 to $81.00 in a research note on Friday, August 12th.

In related news, VP Vito C. Peraino sold 42,256 shares of American Financial Group stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $75.00, for a total transaction of $3,169,200.00. Following the completion of the transaction, the vice president now owns 73,733 shares of the company’s stock, valued at $5,529,975. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Vito C. Peraino sold 2,450 shares of American Financial Group stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $75.09, for a total transaction of $183,970.50. Following the transaction, the vice president now directly owns 81,032 shares of the company’s stock, valued at approximately $6,084,692.88. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

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