Barclays PLC increased its stake in shares of American Financial Group, Inc. (NYSE:AFG – Free Report) by 5.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 83,406 shares of the insurance provider’s stock after purchasing an additional 3,974 shares during the period. Barclays PLC owned approximately 0.10% of American Financial Group worth $10,133,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AFG. California Public Employees Retirement System lifted its holdings in American Financial Group by 3.6% during the 4th quarter. California Public Employees Retirement System now owns 164,465 shares of the insurance provider’s stock worth $22,578,000 after buying an additional 5,703 shares in the last quarter. State of Michigan Retirement System lifted its holdings in American Financial Group by 21.0% during the 4th quarter. State of Michigan Retirement System now owns 21,310 shares of the insurance provider’s stock worth $2,925,000 after buying an additional 3,700 shares in the last quarter. Fifth Third Bancorp lifted its holdings in American Financial Group by 43.7% during the 1st quarter. Fifth Third Bancorp now owns 1,125 shares of the insurance provider’s stock worth $137,000 after buying an additional 342 shares in the last quarter. Virtu Financial LLC acquired a new stake in American Financial Group during the 1st quarter worth approximately $261,000. Finally, Campbell & CO Investment Adviser LLC raised its holdings in shares of American Financial Group by 324.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 8,075 shares of the insurance provider’s stock valued at $1,109,000 after purchasing an additional 6,174 shares in the last quarter. Hedge funds and other institutional investors own 63.42% of the company’s stock.
Insider Activity at American Financial Group
In related news, Director Lehman John I. Von sold 1,479 shares of the stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $117.39, for a total value of $173,619.81. Following the transaction, the director now directly owns 14,116 shares of the company’s stock, valued at approximately $1,657,077.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other American Financial Group news, Director Terry S. Jacobs sold 761 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $115.84, for a total transaction of $88,154.24. Following the transaction, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $868,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lehman John I. Von sold 1,479 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $117.39, for a total transaction of $173,619.81. Following the transaction, the director now directly owns 14,116 shares in the company, valued at $1,657,077.24. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.
American Financial Group Price Performance
Shares of AFG opened at $113.47 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.42 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $117.34 and its 200-day simple moving average is $122.15. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 11.35 and a beta of 0.82. American Financial Group, Inc. has a twelve month low of $109.99 and a twelve month high of $150.98.
American Financial Group (NYSE:AFG – Get Free Report) last posted its earnings results on Thursday, August 3rd. The insurance provider reported $2.38 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.47). The company had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.85 billion. American Financial Group had a net margin of 11.38% and a return on equity of 22.51%. During the same period last year, the business earned $2.85 earnings per share. Equities analysts forecast that American Financial Group, Inc. will post 10.75 EPS for the current fiscal year.
American Financial Group Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend was Thursday, July 13th. American Financial Group’s dividend payout ratio (DPR) is 25.20%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on AFG shares. Piper Sandler reduced their price objective on shares of American Financial Group from $162.00 to $150.00 in a report on Thursday, July 6th. StockNews.com started coverage on shares of American Financial Group in a report on Thursday, May 18th. They issued a “hold” rating on the stock.
View Our Latest Research Report on AFG
About American Financial Group
American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.
Further Reading
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