Strs Ohio Sells 17,700 Shares of American Financial Group, Inc. (NYSE:AFG)

Strs Ohio cut its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 42.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,800 shares of the insurance provider’s stock after selling 17,700 shares during the period. Strs Ohio’s holdings in American Financial Group were worth $2,829,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. boosted its position in American Financial Group by 2.3% in the 1st quarter. BlackRock Inc. now owns 8,798,244 shares of the insurance provider’s stock valued at $1,068,987,000 after buying an additional 197,992 shares during the last quarter. Vanguard Group Inc. boosted its position in American Financial Group by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock valued at $925,563,000 after buying an additional 81,293 shares during the last quarter. FMR LLC boosted its position in American Financial Group by 16.1% in the 3rd quarter. FMR LLC now owns 4,710,065 shares of the insurance provider’s stock valued at $525,973,000 after buying an additional 654,442 shares during the last quarter. State Street Corp boosted its position in American Financial Group by 1.6% in the 3rd quarter. State Street Corp now owns 2,841,741 shares of the insurance provider’s stock valued at $349,335,000 after buying an additional 44,103 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in American Financial Group by 24.3% in the 1st quarter. Geode Capital Management LLC now owns 1,355,288 shares of the insurance provider’s stock valued at $165,228,000 after buying an additional 264,847 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Up 0.6 %

Shares of American Financial Group stock opened at $125.35 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35. American Financial Group, Inc. has a 12 month low of $105.22 and a 12 month high of $137.71. The business has a fifty day simple moving average of $128.86 and a 200 day simple moving average of $119.70. The stock has a market cap of $10.51 billion, a PE ratio of 12.47 and a beta of 0.79.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the firm earned $2.99 earnings per share. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts predict that American Financial Group, Inc. will post 10.99 EPS for the current year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.27%. American Financial Group’s dividend payout ratio (DPR) is presently 28.26%.

Analyst Upgrades and Downgrades

AFG has been the topic of a number of recent research reports. Citigroup increased their price objective on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Piper Sandler reiterated a “neutral” rating and issued a $129.00 price objective on shares of American Financial Group in a research report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $133.50.

Insider Buying and Selling

In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of American Financial Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total transaction of $135,455.65. Following the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at $1,343,511.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of American Financial Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total transaction of $135,455.65. Following the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at $1,343,511.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Evans sold 2,274 shares of American Financial Group stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $128.64, for a total value of $292,527.36. Following the transaction, the director now owns 105,302 shares in the company, valued at $13,546,049.28. The disclosure for this sale can be found here. Insiders sold a total of 14,843 shares of company stock valued at $1,854,746 over the last three months. Company insiders own 14.50% of the company’s stock.

About American Financial Group

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.