Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Position in American Financial Group, Inc. (NYSE:AFG)

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 52.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 hedge funds and other institutional investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its position in shares of American Financial Group by 132.5% during the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Ronald Blue Trust Inc. boosted its position in American Financial Group by 44.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider’s stock valued at $39,000 after buying an additional 100 shares during the period. Arlington Trust Co LLC acquired a new position in shares of American Financial Group in the fourth quarter worth $42,000. Itau Unibanco Holding S.A. purchased a new stake in shares of American Financial Group during the third quarter worth $52,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of American Financial Group by 7,616.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 914 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total value of $135,455.65. Following the completion of the sale, the chief financial officer now owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the 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 directly owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Mark A. Weiss sold 2,500 shares of American Financial Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total transaction of $317,650.00. Following the sale, the vice president now owns 7,553 shares of the company’s stock, valued at $959,684.18. The disclosure for this sale can be found here. Insiders have sold 14,843 shares of company stock valued at $1,854,746 over the last quarter. Company insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AFG. Citigroup lifted their price target on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Piper Sandler reaffirmed a “neutral” rating and set a $129.00 price target on shares of American Financial Group in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and a consensus target price of $133.50.

American Financial Group Trading Up 0.0 %

Shares of AFG stock opened at $129.76 on Thursday. The business’s 50 day moving average is $129.50 and its two-hundred day moving average is $120.31. American Financial Group, Inc. has a twelve month low of $105.22 and a twelve month high of $137.71. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.88 billion, a P/E ratio of 12.91 and a beta of 0.79.

American Financial Group (NYSE:AFG) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.03. The business had revenue of $1.73 billion for 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 business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.99 earnings per share. Equities analysts forecast that American Financial Group, Inc. will post 10.99 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be paid a $0.71 dividend. The ex-dividend date is Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.19%. American Financial Group’s dividend payout ratio (DPR) is presently 28.26%.

American Financial Group Company Profile

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.