Teachers Retirement System of The State of Kentucky Grows Stake in American Financial Group, Inc. (NYSE:AFG)

Teachers Retirement System of The State of Kentucky grew its position in American Financial Group, Inc. (NYSE:AFGFree Report) by 93.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,824 shares of the insurance provider’s stock after purchasing an additional 11,522 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Financial Group were worth $2,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in 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 worth $1,719,000 after purchasing an additional 91 shares during the last quarter. Captrust Financial Advisors grew its holdings in 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 during the last quarter. Ronald Blue Trust Inc. grew its holdings in 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 during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of American Financial Group by 1.1% during the third quarter. Public Sector Pension Investment Board now owns 9,005 shares of the insurance provider’s stock valued at $1,006,000 after buying an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of American Financial Group by 4.1% during the first quarter. CIBC Asset Management Inc now owns 2,718 shares of the insurance provider’s stock valued at $330,000 after buying an additional 108 shares during the last quarter. 63.50% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the company’s stock in a transaction dated 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 in the company, valued at $1,343,511.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Michelle A. Gillis sold 5,176 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were 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 owns 45,372 shares in the company, valued at approximately $5,490,012. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian S. Hertzman sold 1,067 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total transaction of $135,455.65. Following the transaction, the chief financial officer now owns 10,583 shares of the company’s stock, valued at approximately $1,343,511.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,967 shares of company stock worth $2,228,645. Company insiders own 14.60% of the company’s stock.

American Financial Group Trading Up 0.7 %

NYSE AFG opened at $132.45 on Friday. The company has a market capitalization of $11.08 billion, a PE ratio of 13.18 and a beta of 0.78. The company has a fifty day moving average of $123.15 and a 200 day moving average of $116.73. American Financial Group, Inc. has a 1 year low of $105.22 and a 1 year high of $132.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.47 and a quick ratio of 0.47.

American Financial Group (NYSE:AFGGet Free Report) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The company had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.99 earnings per share. Research analysts forecast that American Financial Group, Inc. will post 11.02 earnings per share for the current year.

American Financial Group Increases Dividend

The company also recently disclosed a None dividend, which was paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th were given a $2.50 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from American Financial Group’s previous None dividend of $1.50. American Financial Group’s dividend payout ratio is 28.26%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lowered shares of American Financial Group from an “overweight” rating to a “neutral” rating and set a $129.00 price objective on the stock. in a report on Thursday, February 8th. Janney Montgomery Scott assumed coverage on shares of American Financial Group in a report on Thursday, December 14th. They set a “buy” rating and a $135.00 price objective on the stock. Finally, Citigroup boosted their price objective on shares of American Financial Group from $125.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $128.75.

Get Our Latest Report on American Financial Group

About American Financial Group

(Free Report)

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.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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