Teachers Retirement System of The State of Kentucky Decreases Stake in American Financial Group, Inc. (NYSE:AFG)

Teachers Retirement System of The State of Kentucky cut its holdings in American Financial Group, Inc. (NYSE:AFG) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,724 shares of the insurance provider’s stock after selling 1,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Financial Group were worth $2,702,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. VisionPoint Advisory Group LLC boosted its stake in shares of American Financial Group by 132.5% in the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock valued at $30,000 after buying an additional 155 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of American Financial Group in the fourth quarter valued at approximately $42,000. Itau Unibanco Holding S.A. purchased a new stake in shares of American Financial Group in the third quarter valued at approximately $52,000. GAMMA Investing LLC purchased a new stake in shares of American Financial Group in the fourth quarter valued at approximately $53,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in American Financial Group by 7,616.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock worth $110,000 after purchasing an additional 914 shares during the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AFG shares. Piper Sandler lifted their price objective on American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Citigroup lifted their price objective on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, American Financial Group has an average rating of “Hold” and a consensus target price of $135.00.

American Financial Group Stock Performance

Shares of AFG stock opened at $126.43 on Thursday. American Financial Group, Inc. has a 1 year low of $105.22 and a 1 year high of $137.71. The stock has a market cap of $10.60 billion, a PE ratio of 12.10 and a beta of 0.79. The stock has a fifty day moving average price of $128.44 and a 200 day moving average price of $125.47. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.46 and a current ratio of 0.46.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.06. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $2.89 earnings per share. Sell-side analysts forecast that American Financial Group, Inc. will post 10.94 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a $0.71 dividend. The ex-dividend date was Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.25%. American Financial Group’s dividend payout ratio (DPR) is 27.18%.

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.