3,225 American Financial Group, Inc. $AFG Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its position in American Financial Group, Inc. (NYSE:AFG) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,600 shares of the insurance provider’s stock after selling 3,225 shares during the period. Retirement Systems of Alabama’s holdings in American Financial Group were worth $20,186,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Fulcrum Asset Management LLP purchased a new position in American Financial Group during the 3rd quarter worth approximately $52,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of American Financial Group by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,690 shares of the insurance provider’s stock valued at $233,000 after acquiring an additional 191 shares during the last quarter. M Holdings Securities Inc. acquired a new stake in shares of American Financial Group in the third quarter worth $2,242,000. Brighton Jones LLC increased its stake in shares of American Financial Group by 19.0% in the third quarter. Brighton Jones LLC now owns 3,228 shares of the insurance provider’s stock worth $441,000 after acquiring an additional 515 shares during the period. Finally, Parallel Advisors LLC increased its stake in shares of American Financial Group by 3.4% in the third quarter. Parallel Advisors LLC now owns 2,020 shares of the insurance provider’s stock worth $276,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Price Performance

American Financial Group stock opened at $161.19 on Thursday. American Financial Group, Inc. has a 1 year low of $123.09 and a 1 year high of $161.31. The company’s fifty day moving average price is $145.90 and its 200 day moving average price is $137.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $13.34 billion, a P/E ratio of 12.46 and a beta of 0.55.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 EPS for the quarter, beating the consensus estimate of $3.80 by $0.17. American Financial Group had a return on equity of 22.56% and a net margin of 11.96%. The firm had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter last year, the firm earned $2.69 earnings per share. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 12.51 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a $3.50 dividend. The ex-dividend date of this dividend is Monday, November 16th. American Financial Group’s dividend payout ratio is presently 31.65%.

Insider Buying and Selling

In other American Financial Group news, CFO Brian Hertzman sold 950 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $142.87, for a total transaction of $135,726.50. Following the completion of the transaction, the chief financial officer owned 11,123 shares of the company’s stock, valued at $1,589,143.01. This trade represents a 7.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 16.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AFG shares. Keefe, Bruyette & Woods boosted their target price on shares of American Financial Group from $147.00 to $150.00 and gave the company a “market perform” rating in a research report on Monday. Wall Street Zen downgraded American Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Oppenheimer set a $150.00 price objective on American Financial Group in a research note on Monday. Wells Fargo & Company boosted their price objective on American Financial Group from $166.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of American Financial Group in a research note on Wednesday, November 4th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, American Financial Group currently has an average rating of “Moderate Buy” and an average price target of $159.00.

American Financial Group Profile

American Financial Group, Inc. is an insurance holding company headquartered in Cincinnati, Ohio. Through Great American Insurance Group, it provides property and casualty insurance, with a focus on specialty commercial markets and coverage tailored to specific industries and customer needs. Its products include insurance for businesses, farms and agricultural operations, and individuals, offered through a network of independent agents and brokers. AFG’s insurance operations serve customers primarily in the United States, with some products and services available internationally.