Teachers Retirement System of The State of Kentucky Sells 570 Shares of American Financial Group, Inc. (NYSE:AFG)

Teachers Retirement System of The State of Kentucky decreased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 2.5% during the third quarter, HoldingsChannel reports. The fund owned 22,154 shares of the insurance provider’s stock after selling 570 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Financial Group were worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC grew its position in shares of American Financial Group by 166.1% in the third quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider’s stock valued at $953,000 after purchasing an additional 4,418 shares in the last quarter. Oak Thistle LLC purchased a new position in American Financial Group during the 2nd quarter valued at about $987,000. GSA Capital Partners LLP bought a new stake in shares of American Financial Group during the third quarter valued at about $579,000. EULAV Asset Management lifted its holdings in shares of American Financial Group by 9.4% in the third quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock worth $67,128,000 after buying an additional 42,902 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of American Financial Group by 191.5% in the third quarter. KBC Group NV now owns 21,807 shares of the insurance provider’s stock valued at $2,935,000 after acquiring an additional 14,327 shares during the period. Institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AFG. Piper Sandler upped their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets increased their price objective on 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.

American Financial Group Trading Up 0.6 %

Shares of AFG opened at $139.91 on Friday. American Financial Group, Inc. has a 1-year low of $115.64 and a 1-year high of $150.19. The company has a market capitalization of $11.74 billion, a P/E ratio of 13.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The firm’s 50 day simple moving average is $138.05 and its 200 day simple moving average is $132.17.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.45 earnings per share. Sell-side analysts forecast that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

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

American Financial Group Company Profile

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.