Raymond James & Associates Sells 6,279 Shares of American Financial Group, Inc. (NYSE:AFG)

Raymond James & Associates lowered its position in American Financial Group, Inc. (NYSE:AFG – Get Rating) by 18.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,297 shares of the insurance provider’s stock after selling 6,279 shares during the period. Raymond James & Associates’ holdings in American Financial Group were worth $3,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. FORA Capital LLC bought a new stake in American Financial Group in the fourth quarter worth about $403,000. UBS Group AG raised its stake in shares of American Financial Group by 9.9% during the fourth quarter. UBS Group AG now owns 113,597 shares of the insurance provider’s stock valued at $15,595,000 after acquiring an additional 10,223 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of American Financial Group by 1.3% during the fourth quarter. Van ECK Associates Corp now owns 8,184 shares of the insurance provider’s stock valued at $1,123,000 after acquiring an additional 102 shares in the last quarter. California Public Employees Retirement System increased its holdings in American Financial Group by 3.6% during the fourth quarter. California Public Employees Retirement System now owns 164,465 shares of the insurance provider’s stock valued at $22,578,000 after buying an additional 5,703 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in American Financial Group by 10.4% during the fourth quarter. Russell Investments Group Ltd. now owns 39,400 shares of the insurance provider’s stock valued at $5,409,000 after buying an additional 3,711 shares during the period. Institutional investors own 64.04% of the company’s stock.

American Financial Group Stock Up 0.0 %

AFG stock opened at $113.33 on Friday. American Financial Group, Inc. has a 52 week low of $111.54 and a 52 week high of $150.98. The stock has a market capitalization of $9.65 billion, a P/E ratio of 11.78 and a beta of 0.82. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $119.24 and a 200-day simple moving average of $130.76.

American Financial Group (NYSE:AFG – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The insurance provider reported $2.89 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.01. American Financial Group had a net margin of 11.40% and a return on equity of 23.44%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter in the prior year, the company posted $3.56 EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts forecast that American Financial Group, Inc. will post 11.52 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 25th. Stockholders of record on Friday, April 14th were paid a $0.63 dividend. The ex-dividend date of this dividend was Thursday, April 13th. This represents a $2.52 annualized dividend and a dividend yield of 2.22%. American Financial Group’s dividend payout ratio (DPR) is 26.20%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AFG shares. Piper Sandler boosted their target price on shares of American Financial Group from $166.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 4th. StockNews.com assumed coverage on shares of American Financial Group in a research report on Thursday, May 18th. They issued a “hold” rating for the company.

About American Financial Group

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American Financial Group, Inc is an insurance holding company, which engages in property and casualty insurance, focusing on commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Its Property and Casualty Insurance Products include Property and Transportation, Specialty Casualty, and Specialty Financial.