Retirement Systems of Alabama boosted its holdings in shares of American Financial Group Inc (NYSE:AFG) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 161,056 shares of the insurance provider’s stock after acquiring an additional 5,367 shares during the period. Retirement Systems of Alabama owned about 0.18% of American Financial Group worth $14,580,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Standard Life Aberdeen plc grew its holdings in shares of American Financial Group by 38,541.5% during the third quarter. Standard Life Aberdeen plc now owns 7,580,682 shares of the insurance provider’s stock worth $735,330,000 after buying an additional 7,561,064 shares in the last quarter. BlackRock Inc. grew its holdings in shares of American Financial Group by 6.9% during the third quarter. BlackRock Inc. now owns 7,787,282 shares of the insurance provider’s stock worth $864,155,000 after buying an additional 500,746 shares in the last quarter. USS Investment Management Ltd purchased a new stake in shares of American Financial Group during the fourth quarter worth about $31,717,000. Wells Fargo & Company MN grew its holdings in shares of American Financial Group by 81.2% during the third quarter. Wells Fargo & Company MN now owns 581,427 shares of the insurance provider’s stock worth $64,521,000 after buying an additional 260,539 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of American Financial Group by 48.5% during the third quarter. Thrivent Financial for Lutherans now owns 582,401 shares of the insurance provider’s stock worth $64,630,000 after buying an additional 190,186 shares in the last quarter. Institutional investors own 62.67% of the company’s stock.

In related news, CEO Carl H. Lindner III sold 28,668 shares of the business’s stock in a transaction that occurred on Tuesday, December 18th. The shares were sold at an average price of $91.05, for a total value of $2,610,221.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory G. Joseph bought 1,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was bought at an average price of $92.91 per share, with a total value of $92,910.00. Following the completion of the acquisition, the director now owns 35,594 shares of the company’s stock, valued at approximately $3,307,038.54. The disclosure for this purchase can be found here. 13.70% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on AFG shares. Zacks Investment Research downgraded shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Monday, October 15th. Keefe, Bruyette & Woods started coverage on shares of American Financial Group in a report on Thursday. They set a “market perform” rating and a $107.00 price target for the company. Finally, ValuEngine downgraded shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $114.67.

Shares of NYSE AFG opened at $93.40 on Friday. The stock has a market cap of $8.22 billion, a PE ratio of 14.26, a PEG ratio of 0.85 and a beta of 0.92. American Financial Group Inc has a 12 month low of $84.18 and a 12 month high of $121.69. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.25.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.31. American Financial Group had a net margin of 9.98% and a return on equity of 15.39%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. American Financial Group’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that American Financial Group Inc will post 8.6 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 25th. Investors of record on Tuesday, January 15th will be issued a $0.40 dividend. The ex-dividend date is Monday, January 14th. This represents a $1.60 dividend on an annualized basis and a yield of 1.71%. American Financial Group’s payout ratio is 24.43%.

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American Financial Group Company Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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

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