American Financial Group, Inc. (NYSE:AFG) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp lowered its position in shares of American Financial Group, Inc. (NYSE:AFGFree Report) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,218 shares of the insurance provider’s stock after selling 5,282 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of American Financial Group worth $6,278,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Money Concepts Capital Corp purchased a new position in American Financial Group during the fourth quarter valued at approximately $35,000. Ronald Blue Trust Inc. grew its position in American Financial Group by 44.8% during the third quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Industrial Alliance Investment Management Inc. purchased a new position in American Financial Group during the fourth quarter valued at approximately $52,000. AXS Investments LLC purchased a new position in American Financial Group during the second quarter valued at approximately $55,000. Finally, UniSuper Management Pty Ltd purchased a new position in American Financial Group during the second quarter valued at approximately $59,000. Institutional investors and hedge funds own 63.50% of the company’s stock.

Insider Activity at American Financial Group

In other news, SVP Michelle A. Gillis sold 5,176 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the transaction, the senior vice president now owns 45,372 shares in the company, valued at approximately $5,490,012. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, SVP Michelle A. Gillis sold 5,176 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the transaction, the senior vice president now owns 45,372 shares in the company, valued at approximately $5,490,012. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy Y. Murray sold 850 shares of the stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $118.15, for a total transaction of $100,427.50. Following the completion of the transaction, the director now owns 909 shares of the company’s stock, valued at approximately $107,398.35. The disclosure for this sale can be found here. Insiders sold a total of 8,715 shares of company stock worth $1,049,563 in the last ninety days. 14.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Piper Sandler downgraded shares of American Financial Group from an “overweight” rating to a “neutral” rating and set a $129.00 target price for the company. in a research report on Thursday. Janney Montgomery Scott assumed coverage on shares of American Financial Group in a research report on Thursday, December 14th. They issued a “buy” rating and a $135.00 target price for the company. Finally, Citigroup boosted their target price on shares of American Financial Group from $125.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $128.75.

Read Our Latest Analysis on AFG

American Financial Group Price Performance

NYSE AFG opened at $122.76 on Monday. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $119.09 and a 200 day simple moving average of $114.75. The company has a market cap of $10.28 billion, a P/E ratio of 12.21 and a beta of 0.78. American Financial Group, Inc. has a 1 year low of $105.22 and a 1 year high of $139.30.

American Financial Group (NYSE:AFGGet Free Report) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.81 by $0.03. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.53%. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.99 EPS. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.95 EPS for the current year.

American Financial Group Increases Dividend

The business also recently announced a None dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a dividend of $2.50 per share. This is a boost from American Financial Group’s previous None dividend of $1.50. The ex-dividend date is Thursday, February 15th. American Financial Group’s dividend payout ratio is presently 28.26%.

American Financial Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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