Raymond James Financial Services Advisors Inc. Has $375,000 Holdings in American Financial Group, Inc. (NYSE:AFG)

Raymond James Financial Services Advisors Inc. lessened its stake in American Financial Group, Inc. (NYSE:AFG) by 12.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,156 shares of the insurance provider’s stock after selling 442 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in American Financial Group were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of American Financial Group by 0.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 15,397 shares of the insurance provider’s stock valued at $1,719,000 after buying an additional 91 shares during the period. Captrust Financial Advisors lifted its position in shares of American Financial Group by 0.9% in the second quarter. Captrust Financial Advisors now owns 11,147 shares of the insurance provider’s stock worth $1,324,000 after purchasing an additional 96 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of American Financial Group by 44.8% in the third quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of American Financial Group by 1.1% in the third quarter. Public Sector Pension Investment Board now owns 9,005 shares of the insurance provider’s stock worth $1,006,000 after purchasing an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of American Financial Group by 4.1% in the first quarter. CIBC Asset Management Inc now owns 2,718 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of AFG stock opened at $127.86 on Friday. The stock has a market cap of $10.72 billion, a P/E ratio of 12.72 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.47 and a quick ratio of 0.47. The company has a fifty day moving average price of $129.06 and a two-hundred day moving average price of $119.87. American Financial Group, Inc. has a one year low of $105.22 and a one year high of $137.71.

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

American Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, April 12th. American Financial Group’s dividend payout ratio is currently 28.26%.

Analyst Ratings Changes

A number of brokerages have recently commented on AFG. Citigroup boosted their price objective on shares of American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Piper Sandler reissued 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and a consensus target price of $133.50.

Insider Buying and Selling at American Financial Group

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

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.