American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Utah Retirement Systems

Utah Retirement Systems raised its position in American Financial Group, Inc. (NYSE:AFG) by 0.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,917 shares of the insurance provider’s stock after purchasing an additional 100 shares during the quarter. Utah Retirement Systems’ holdings in American Financial Group were worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AFG. Northern Trust Corp increased its position in American Financial Group by 35.8% in the 4th quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider’s stock valued at $109,827,000 after acquiring an additional 211,630 shares during the period. Johnson Financial Group Inc. raised its stake in shares of American Financial Group by 4.9% during the fourth quarter. Johnson Financial Group Inc. now owns 3,101 shares of the insurance provider’s stock valued at $423,000 after purchasing an additional 144 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in American Financial Group in the fourth quarter worth about $6,800,000. Voya Investment Management LLC grew its position in American Financial Group by 89.5% in the 4th quarter. Voya Investment Management LLC now owns 672,851 shares of the insurance provider’s stock valued at $92,134,000 after buying an additional 317,859 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in American Financial Group by 32.2% during the 4th quarter. Hsbc Holdings PLC now owns 242,412 shares of the insurance provider’s stock valued at $33,190,000 after buying an additional 59,002 shares during the period. Institutional investors own 64.37% of the company’s stock.

American Financial Group Trading Up 2.9 %

Shares of AFG stock opened at $129.83 on Friday. The stock has a 50-day simple moving average of $126.49 and a 200 day simple moving average of $132.13. The stock has a market capitalization of $10.86 billion, a P/E ratio of 12.28 and a beta of 0.59. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. 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 (NYSE:AFG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. On average, sell-side analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.80 per share. The ex-dividend date was Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.46%. American Financial Group’s dividend payout ratio (DPR) is presently 30.27%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their price objective on shares of American Financial Group from $144.00 to $126.00 and set a “market perform” rating for the company in a report on Wednesday, April 9th.

Insider Transactions at American Financial Group

In other news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction on Thursday, February 20th. The stock was bought at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now owns 57,477 shares of the company’s stock, valued at $6,954,717. This represents a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 17.40% of the company’s stock.

American Financial Group 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.