American Financial Group, Inc. (NYSE:AFG) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,034 shares of the insurance provider’s stock after selling 1,120 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Financial Group were worth $2,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in American Financial Group by 11.0% during the 3rd quarter. Barclays PLC now owns 63,333 shares of the insurance provider’s stock valued at $8,528,000 after purchasing an additional 6,272 shares in the last quarter. Franklin Resources Inc. boosted its stake in American Financial Group by 17.4% during the third quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider’s stock valued at $6,833,000 after buying an additional 7,365 shares in the last quarter. Retirement Systems of Alabama grew its holdings in American Financial Group by 1.0% during the third quarter. Retirement Systems of Alabama now owns 171,354 shares of the insurance provider’s stock worth $23,064,000 after acquiring an additional 1,714 shares during the period. Lord Abbett & CO. LLC raised its position in American Financial Group by 0.4% in the third quarter. Lord Abbett & CO. LLC now owns 399,177 shares of the insurance provider’s stock worth $53,729,000 after acquiring an additional 1,563 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in American Financial Group by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock valued at $44,832,000 after acquiring an additional 146,237 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph bought 3,000 shares of the stock in a transaction on Thursday, February 20th. The shares were bought at an average price of $121.00 per share, with a total value of $363,000.00. Following the purchase, the director now directly owns 57,477 shares in the company, valued at $6,954,717. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of American Financial Group from $144.00 to $126.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 9th.

American Financial Group Stock Up 0.4 %

Shares of American Financial Group stock opened at $129.04 on Friday. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19. The firm has a market capitalization of $10.80 billion, a PE ratio of 12.21 and a beta of 0.59. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $125.77 and its 200-day moving average is $132.49.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Equities analysts anticipate that American Financial Group, Inc. will post 10.5 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 Friday, April 25th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, April 15th. American Financial Group’s payout ratio is 30.27%.

American Financial Group 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.