13,848 Shares in American Financial Group, Inc. $AFG Bought by Strs Ohio

Strs Ohio bought a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,848 shares of the insurance provider’s stock, valued at approximately $1,819,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its stake in American Financial Group by 144.3% during the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 127 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Financial Group during the 1st quarter worth about $34,000. Lazard Asset Management LLC acquired a new position in shares of American Financial Group during the 4th quarter worth about $53,000. Headlands Technologies LLC acquired a new position in shares of American Financial Group during the 1st quarter worth about $55,000. Finally, Costello Asset Management INC acquired a new position in shares of American Financial Group during the 1st quarter worth about $68,000. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Down 0.5%

American Financial Group stock opened at $138.68 on Wednesday. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $11.56 billion, a P/E ratio of 15.24 and a beta of 0.73. The stock has a 50-day simple moving average of $131.29 and a 200-day simple moving average of $127.50.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.06. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the business earned $2.56 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Equities research analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.20 annualized dividend and a yield of 2.3%. American Financial Group’s dividend payout ratio is currently 35.16%.

Wall Street Analysts Forecast Growth

AFG has been the subject of several analyst reports. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday. Jefferies Financial Group upped their price objective on American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $136.75.

Insider Buying and Selling

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the completion of the sale, the director directly owned 326,730 shares of the company’s stock, valued at $43,883,106.30. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.40% of the stock is currently owned by corporate 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.