Mutual of America Capital Management LLC Grows Stock Position in American Financial Group, Inc. (NYSE:AFG)

Mutual of America Capital Management LLC grew its position in American Financial Group, Inc. (NYSE:AFG) by 8.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 73,982 shares of the insurance provider’s stock after buying an additional 5,603 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Financial Group were worth $8,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AFG. Raymond James & Associates lifted its position in shares of American Financial Group by 2.7% in the first quarter. Raymond James & Associates now owns 10,823 shares of the insurance provider’s stock valued at $1,576,000 after acquiring an additional 284 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of American Financial Group by 26.6% in the first quarter. American Century Companies Inc. now owns 14,648 shares of the insurance provider’s stock valued at $2,133,000 after purchasing an additional 3,076 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of American Financial Group by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 5,474 shares of the insurance provider’s stock valued at $798,000 after purchasing an additional 212 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in shares of American Financial Group by 5.5% in the first quarter. Great West Life Assurance Co. Can now owns 50,464 shares of the insurance provider’s stock valued at $7,610,000 after purchasing an additional 2,635 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of American Financial Group by 23.8% in the first quarter. Cibc World Market Inc. now owns 5,617 shares of the insurance provider’s stock valued at $818,000 after purchasing an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Insider Activity

In related news, CFO Brian S. Hertzman sold 1,067 shares of American Financial Group 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 transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at $1,343,511.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of American Financial Group stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the sale, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at approximately $5,490,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian S. Hertzman sold 1,067 shares of American Financial Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total value of $135,455.65. Following the sale, the chief financial officer now directly owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,843 shares of company stock valued at $1,854,746. 14.60% of the stock is currently owned by corporate insiders.

American Financial Group Price Performance

AFG stock opened at $129.07 on Friday. The business has a fifty day moving average of $128.34 and a two-hundred day moving average of $119.27. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 12.84 and a beta of 0.79. American Financial Group, Inc. has a 52-week low of $105.22 and a 52-week high of $137.71.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. As a group, research analysts anticipate that American Financial Group, Inc. will post 10.99 earnings per share for the current year.

American Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders 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 2.20%. American Financial Group’s payout ratio is presently 28.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler reaffirmed a “neutral” rating and issued a $129.00 price target on shares of American Financial Group in a report on Monday, April 1st. Janney Montgomery Scott assumed coverage on American Financial Group in a report on Thursday, December 14th. They issued a “buy” rating and a $135.00 price target for the company. Finally, Citigroup increased their price target on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and a consensus price target of $133.50.

About American Financial Group

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.