State of Alaska Department of Revenue Has $1.12 Million Stock Holdings in American Financial Group, Inc. $AFG

State of Alaska Department of Revenue reduced its stake in American Financial Group, Inc. (NYSE:AFG) by 4.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,908 shares of the insurance provider’s stock after selling 395 shares during the period. State of Alaska Department of Revenue’s holdings in American Financial Group were worth $1,123,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Private Trust Co. NA boosted its holdings in shares of 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 buying an additional 127 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Financial Group during the first quarter worth approximately $34,000. Headlands Technologies LLC bought a new stake in shares of American Financial Group during the first quarter worth approximately $55,000. Costello Asset Management INC acquired a new position in shares of American Financial Group in the first quarter valued at approximately $68,000. Finally, UMB Bank n.a. increased its stake in shares of American Financial Group by 97.4% during the first quarter. UMB Bank n.a. now owns 671 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 331 shares during the period. 64.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

AFG has been the subject of several recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of American Financial Group in a research note on Saturday, September 27th. Jefferies Financial Group upped their price target on shares of American Financial Group from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Keefe, Bruyette & Woods lowered their price target on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, American Financial Group has a consensus rating of “Hold” and an average target price of $136.75.

Insider Buying and Selling at American Financial Group

In related news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of American Financial Group stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the sale, the director directly owned 326,730 shares of the company’s stock, valued at approximately $43,883,106.30. The trade was a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 17.40% of the company’s stock.

American Financial Group Stock Up 1.1%

NYSE AFG opened at $148.75 on Monday. The business has a fifty day moving average price of $135.76 and a two-hundred day moving average price of $129.14. The stock has a market capitalization of $12.40 billion, a PE ratio of 16.35 and a beta of 0.74. 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 current ratio of 0.47 and a quick ratio of 0.47.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm earned $2.56 EPS. American Financial Group’s revenue was up 1.3% on a year-over-year basis. Equities analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Wednesday, October 15th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from American Financial Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 15th. American Financial Group’s dividend payout ratio (DPR) is currently 38.68%.

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.