American Financial Group, Inc. (NYSE:AFG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in shares of American Financial Group, Inc. (NYSE:AFG) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,271 shares of the insurance provider’s stock after selling 249 shares during the period. Oppenheimer Asset Management Inc.’s holdings in American Financial Group were worth $1,265,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in American Financial Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock worth $925,563,000 after buying an additional 81,293 shares during the last quarter. Victory Capital Management Inc. grew its stake in American Financial Group by 5.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider’s stock worth $456,359,000 after buying an additional 191,269 shares during the last quarter. Wellington Management Group LLP grew its stake in American Financial Group by 7.2% during the 3rd quarter. Wellington Management Group LLP now owns 838,468 shares of the insurance provider’s stock worth $93,632,000 after buying an additional 56,267 shares during the last quarter. Norges Bank bought a new position in shares of American Financial Group in the fourth quarter worth $97,304,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of American Financial Group by 3.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock worth $77,145,000 after purchasing an additional 18,945 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Financial Group

In related news, Director Amy Y. Murray purchased 1,200 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average price of $125.17 per share, for a total transaction of $150,204.00. Following the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $150,204. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AFG has been the subject of several recent analyst reports. Citigroup cut American Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $144.00 to $137.00 in a research note on Friday, June 28th. Piper Sandler increased their price target on American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, American Financial Group currently has a consensus rating of “Hold” and an average target price of $131.75.

American Financial Group Trading Up 1.2 %

Shares of AFG stock opened at $126.02 on Monday. The stock has a 50-day simple moving average of $127.04 and a 200 day simple moving average of $126.16. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $137.71. The stock has a market capitalization of $10.57 billion, a P/E ratio of 12.06 and a beta of 0.79. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.35.

American Financial Group (NYSE:AFG) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business posted $2.89 earnings per share. On average, sell-side analysts expect that American Financial Group, Inc. will post 10.93 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 15th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, July 15th. 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%.

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.