Retirement Systems of Alabama Buys 1,714 Shares of American Financial Group, Inc. (NYSE:AFG)

Retirement Systems of Alabama lifted its position in American Financial Group, Inc. (NYSE:AFG) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 171,354 shares of the insurance provider’s stock after purchasing an additional 1,714 shares during the quarter. Retirement Systems of Alabama’s holdings in American Financial Group were worth $23,064,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. grew its stake in American Financial Group by 302.7% during the second quarter. Assenagon Asset Management S.A. now owns 51,509 shares of the insurance provider’s stock worth $6,337,000 after buying an additional 38,718 shares during the last quarter. Blue Trust Inc. increased its holdings in American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 133 shares in the last quarter. Raymond James & Associates raised its position in American Financial Group by 6.4% in the 2nd quarter. Raymond James & Associates now owns 16,157 shares of the insurance provider’s stock valued at $1,988,000 after purchasing an additional 969 shares during the last quarter. Summit Global Investments boosted its stake in American Financial Group by 343.1% in the second quarter. Summit Global Investments now owns 34,889 shares of the insurance provider’s stock worth $4,292,000 after purchasing an additional 27,015 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of American Financial Group during the second quarter worth $276,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Up 0.6 %

AFG stock opened at $139.91 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a twelve month low of $115.64 and a twelve month high of $150.19. The company has a market cap of $11.74 billion, a P/E ratio of 13.11 and a beta of 0.82. The business has a fifty day moving average of $138.05 and a 200-day moving average of $132.17.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business earned $2.45 earnings per share. American Financial Group’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts expect that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $4.00 dividend. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend was Friday, November 15th. American Financial Group’s dividend payout ratio is currently 29.99%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. BMO Capital Markets upped their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Piper Sandler boosted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

About American Financial Group

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.