New York State Teachers Retirement System continued to hold its position in shares of American Financial Group, Inc. (NYSE:AFG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,604 shares of the insurance provider’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in American Financial Group were worth $13,798,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. Credit Agricole S A purchased a new position in shares of American Financial Group during the fourth quarter worth about $123,000. Quantbot Technologies LP acquired a new stake in shares of American Financial Group during the first quarter valued at approximately $154,000. Smith Moore & CO. acquired a new stake in shares of American Financial Group during the first quarter valued at approximately $202,000. Barings LLC acquired a new stake in shares of American Financial Group during the fourth quarter valued at approximately $203,000. Finally, Aberdeen Asset Management PLC UK acquired a new stake in shares of American Financial Group during the fourth quarter valued at approximately $217,000. 61.79% of the stock is owned by hedge funds and other institutional investors.
American Financial Group, Inc. (NYSE:AFG) traded down 0.65% during trading on Tuesday, reaching $101.41. The company’s stock had a trading volume of 217,664 shares. The company has a market cap of $8.89 billion, a P/E ratio of 12.82 and a beta of 0.80. The company’s 50 day moving average price is $98.78 and its 200 day moving average price is $93.24. American Financial Group, Inc. has a 52 week low of $69.06 and a 52 week high of $103.19.
American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, May 3rd. The insurance provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.32. American Financial Group had a net margin of 10.62% and a return on equity of 11.11%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $1.25 earnings per share. American Financial Group’s quarterly revenue was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that American Financial Group, Inc. will post $6.56 earnings per share for the current fiscal year.
The business also recently declared a special dividend, which was paid on Thursday, May 25th. Shareholders of record on Monday, May 15th were issued a $1.50 dividend. This represents a yield of 1.27%. This is a boost from American Financial Group’s previous special dividend of $1.00. The ex-dividend date of this dividend was Thursday, May 11th. American Financial Group’s dividend payout ratio (DPR) is presently 15.82%.
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Several brokerages recently issued reports on AFG. Zacks Investment Research lowered American Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. BidaskClub upgraded American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. American Financial Group presently has a consensus rating of “Buy” and an average target price of $92.00.
In other American Financial Group news, insider John B. Berding sold 12,792 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $101.13, for a total value of $1,293,654.96. Following the completion of the sale, the insider now directly owns 66,057 shares in the company, valued at $6,680,344.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William W. Verity sold 1,773 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $99.26, for a total transaction of $175,987.98. Following the completion of the sale, the director now owns 5,135 shares of the company’s stock, valued at $509,700.10. The disclosure for this sale can be found here. Insiders sold 271,738 shares of company stock valued at $26,891,171 over the last 90 days. Corporate insiders own 13.70% of the company’s stock.
American Financial Group Company Profile
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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