State of Alaska Department of Revenue Cuts Stock Position in American Financial Group, Inc. (NYSE:AFG)

State of Alaska Department of Revenue decreased its holdings in American Financial Group, Inc. (NYSE:AFG) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,073 shares of the insurance provider’s stock after selling 145 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Financial Group were worth $1,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in American Financial Group by 3.8% during the 3rd quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after acquiring an additional 202,522 shares during the period. JPMorgan Chase & Co. increased its stake in shares of American Financial Group by 78.3% in the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after acquiring an additional 146,237 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of American Financial Group by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after purchasing an additional 143,820 shares in the last quarter. State Street Corp lifted its holdings in American Financial Group by 4.0% in the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after purchasing an additional 104,172 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in American Financial Group by 123.4% during the third quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock valued at $15,486,000 after acquiring an additional 63,541 shares during the period. 64.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AFG. BMO Capital Markets upped their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Piper Sandler increased their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lowered American Financial Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $164.00 to $144.00 in a research note on Friday, February 7th.

American Financial Group Price Performance

AFG stock opened at $125.06 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $10.50 billion, a P/E ratio of 11.83 and a beta of 0.83. American Financial Group, Inc. has a 52-week low of $118.97 and a 52-week high of $150.19. The business has a 50-day simple moving average of $135.44 and a two-hundred day simple moving average of $134.85.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Research analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 annualized dividend and a yield of 2.56%. American Financial Group’s payout ratio is presently 30.27%.

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.