Zurcher Kantonalbank Zurich Cantonalbank Has $1.61 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of American Financial Group, Inc. (NYSE:AFG) by 52.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,544 shares of the insurance provider’s stock after selling 15,147 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Financial Group were worth $1,610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new position in American Financial Group in the 4th quarter valued at $2,188,000. Cerity Partners LLC raised its stake in shares of American Financial Group by 9.9% during the fourth quarter. Cerity Partners LLC now owns 3,136 shares of the insurance provider’s stock worth $373,000 after buying an additional 283 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in American Financial Group by 8.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 73,982 shares of the insurance provider’s stock valued at $8,796,000 after buying an additional 5,603 shares during the period. Custom Index Systems LLC bought a new position in American Financial Group in the fourth quarter valued at approximately $311,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in American Financial Group by 7,616.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 914 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $129.00 price target on shares of American Financial Group in a research note on Monday, April 1st. Citigroup raised their price target on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $133.50.

Insider Transactions at American Financial Group

In related news, SVP Michelle A. Gillis sold 5,176 shares of the firm’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the transaction, the senior vice president now owns 45,372 shares of the company’s stock, valued at $5,490,012. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, SVP Michelle A. Gillis sold 5,176 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the transaction, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at $5,490,012. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian S. Hertzman sold 1,067 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total value of $135,455.65. Following the completion of the transaction, the chief financial officer now owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The disclosure for this sale can be found here. Insiders sold 14,843 shares of company stock valued at $1,854,746 in the last ninety days. 14.50% of the stock is currently owned by corporate insiders.

American Financial Group Stock Up 0.0 %

Shares of AFG stock opened at $129.76 on Thursday. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.71. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35. The firm has a fifty day moving average of $129.50 and a 200-day moving average of $120.31. The company has a market capitalization of $10.88 billion, a price-to-earnings ratio of 12.91 and a beta of 0.79.

American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, topping 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 return on equity of 22.14% and a net margin of 10.89%. The company’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.99 EPS. As a group, equities research analysts predict that American Financial Group, Inc. will post 10.99 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

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 given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, April 12th. American Financial Group’s dividend payout ratio (DPR) is currently 28.26%.

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.