American Financial Group, Inc. $AFG Shares Sold by Strs Ohio

Strs Ohio trimmed its position in American Financial Group, Inc. (NYSE:AFG) by 91.2% during the third quarter, Holdings Channel.com reports. The firm owned 1,581 shares of the insurance provider’s stock after selling 16,419 shares during the period. Strs Ohio’s holdings in American Financial Group were worth $230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its holdings in shares of American Financial Group by 3.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,640 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 83 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in American Financial Group by 1.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,405 shares of the insurance provider’s stock valued at $1,087,000 after acquiring an additional 115 shares during the last quarter. QRG Capital Management Inc. grew its stake in American Financial Group by 2.7% during the 3rd quarter. QRG Capital Management Inc. now owns 5,938 shares of the insurance provider’s stock worth $865,000 after buying an additional 154 shares during the last quarter. A&I Financial Services LLC increased its position in American Financial Group by 3.4% during the third quarter. A&I Financial Services LLC now owns 4,669 shares of the insurance provider’s stock worth $684,000 after buying an additional 155 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in American Financial Group by 421.1% in the second quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Activity

In related news, CFO Brian S. Hertzman sold 1,777 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $142.51, for a total value of $253,240.27. Following the completion of the sale, the chief financial officer owned 11,300 shares in the company, valued at $1,610,363. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 17.40% of the stock is owned by corporate insiders.

American Financial Group Stock Performance

Shares of AFG stock opened at $130.00 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.38. The stock has a 50 day simple moving average of $133.91 and a 200-day simple moving average of $135.08. The company has a market cap of $10.84 billion, a price-to-earnings ratio of 13.66 and a beta of 0.71. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.02.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.34. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.02 billion. American Financial Group had a return on equity of 18.05% and a net margin of 9.66%.American Financial Group’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 earnings per share. On average, equities analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 27th. Stockholders of record on Thursday, January 15th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. American Financial Group’s dividend payout ratio is 36.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AFG shares. Piper Sandler upped their target price on shares of American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings lowered American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Jefferies Financial Group restated a “hold” rating and set a $142.00 price target on shares of American Financial Group in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company started coverage on shares of American Financial Group in a research report on Thursday, January 15th. They issued an “overweight” rating and a $165.00 price objective on the stock. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $142.50.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.