Strs Ohio Has $230,000 Stock Holdings in American Financial Group, Inc. $AFG

Strs Ohio reduced its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 91.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,581 shares of the insurance provider’s stock after selling 16,419 shares during the quarter. Strs Ohio’s holdings in American Financial Group were worth $230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its stake in American Financial Group by 421.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of American Financial Group in the third quarter valued at approximately $30,000. Atlantic Union Bankshares Corp bought a new position in shares of American Financial Group in the second quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new position in shares of American Financial Group during the third quarter valued at approximately $34,000. Finally, Quent Capital LLC bought a new stake in American Financial Group during the third quarter worth $46,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Transactions at American Financial Group

In other news, CFO Brian S. Hertzman sold 1,777 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $142.51, for a total transaction of $253,240.27. Following the sale, the chief financial officer owned 11,300 shares of the company’s stock, valued at approximately $1,610,363. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Piper Sandler lifted their price objective on shares of American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings cut shares of American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Wells Fargo & Company initiated coverage on shares of American Financial Group in a research report on Thursday, January 15th. They issued an “overweight” rating and a $165.00 price objective for the company. Finally, Jefferies Financial Group reissued a “hold” rating and set a $142.00 target price on shares of American Financial Group in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $142.50.

American Financial Group Stock Performance

NYSE:AFG opened at $130.00 on Tuesday. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.55 and a current ratio of 0.55. The company has a 50 day moving average price of $133.91 and a 200 day moving average price of $135.08. The stock has a market capitalization of $10.84 billion, a P/E ratio of 13.66 and a beta of 0.71.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.34. American Financial Group had a return on equity of 18.05% and a net margin of 9.66%.The company had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities research analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 27th. Shareholders of record on Thursday, January 15th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, January 15th. American Financial Group’s payout ratio is currently 36.97%.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.