Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG – Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,600 shares of the insurance provider’s stock after acquiring an additional 1,163 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Financial Group were worth $4,204,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Raleigh Capital Management Inc. grew its stake in shares of American Financial Group by 219.0% during the 4th quarter. Raleigh Capital Management Inc. now owns 201 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 138 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in American Financial Group in the fourth quarter valued at about $29,000. Machina Capital S.A.S. acquired a new position in American Financial Group in the first quarter valued at about $26,000. Money Concepts Capital Corp acquired a new position in American Financial Group in the fourth quarter valued at about $35,000. Finally, Parallel Advisors LLC raised its stake in American Financial Group by 372.1% in the first quarter. Parallel Advisors LLC now owns 321 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 253 shares in the last quarter. 63.42% of the stock is owned by institutional investors.
American Financial Group Stock Performance
American Financial Group stock opened at $113.49 on Friday. American Financial Group, Inc. has a 12-month low of $109.99 and a 12-month high of $150.98. The company has a quick ratio of 0.42, a current ratio of 0.44 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $117.27 and its two-hundred day moving average price is $121.73. The stock has a market cap of $9.63 billion, a PE ratio of 11.35 and a beta of 0.82.
American Financial Group (NYSE:AFG – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $2.38 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.47). The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.85 billion. American Financial Group had a return on equity of 22.51% and a net margin of 11.38%. During the same quarter last year, the firm posted $2.85 earnings per share. As a group, analysts expect that American Financial Group, Inc. will post 10.65 earnings per share for the current fiscal year.
American Financial Group Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Friday, July 14th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend 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 currently 25.20%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on AFG shares. StockNews.com started coverage on American Financial Group in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Piper Sandler decreased their target price on American Financial Group from $162.00 to $150.00 in a research report on Thursday, July 6th.
Get Our Latest Research Report on American Financial Group
Insider Transactions at American Financial Group
In other news, Director Terry S. Jacobs sold 761 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $115.84, for a total transaction of $88,154.24. Following the sale, the director now directly owns 7,500 shares in the company, valued at $868,800. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Lehman John I. Von sold 1,479 shares of American Financial Group stock in a transaction that occurred on Thursday, June 8th. The stock was 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 $1,657,077.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Terry S. Jacobs sold 761 shares of American Financial Group stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $115.84, for a total value of $88,154.24. Following the completion of the transaction, the director now directly owns 7,500 shares in the company, valued at $868,800. The disclosure for this sale can be found here. Company insiders own 14.60% of the company’s stock.
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.
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