Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 51,000 shares of the insurance provider's stock, valued at approximately $6,513,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of American Financial Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AFG. Charles Schwab Investment Management Inc. lifted its stake in shares of American Financial Group by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,567,721 shares of the insurance provider's stock worth $350,956,000 after acquiring an additional 57,246 shares during the period. Geode Capital Management LLC raised its holdings in American Financial Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,732,557 shares of the insurance provider's stock worth $236,645,000 after purchasing an additional 29,731 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American Financial Group by 19.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,506,510 shares of the insurance provider's stock worth $192,395,000 after purchasing an additional 240,509 shares in the last quarter. Northern Trust Corp lifted its position in American Financial Group by 33.2% in the third quarter. Northern Trust Corp now owns 1,026,783 shares of the insurance provider's stock worth $149,623,000 after purchasing an additional 255,693 shares during the period. Finally, Morgan Stanley lifted its position in American Financial Group by 4.3% in the fourth quarter. Morgan Stanley now owns 894,998 shares of the insurance provider's stock worth $122,329,000 after purchasing an additional 36,971 shares during the period. 64.37% of the stock is currently owned by institutional investors.
American Financial Group Trading Down 1.0%
NYSE:AFG opened at $143.49 on Thursday. The company has a market capitalization of $11.92 billion, a P/E ratio of 13.64 and a beta of 0.62. The stock's 50 day moving average price is $137.28 and its 200 day moving average price is $132.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48. American Financial Group, Inc. has a 52 week low of $122.11 and a 52 week high of $150.02.
American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.54 by ($0.07). The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. American Financial Group's revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 earnings per share. On average, research analysts forecast that American Financial Group, Inc. will post 11.37 EPS for the current fiscal year.
American Financial Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, July 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. American Financial Group's dividend payout ratio (DPR) is currently 33.46%.
Analyst Ratings Changes
AFG has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on American Financial Group from $135.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, May 26th. Wells Fargo & Company raised their price objective on shares of American Financial Group from $158.00 to $173.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of American Financial Group in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of American Financial Group from $140.00 to $148.00 and gave the stock a "market perform" rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $150.75.
Check Out Our Latest Stock Analysis on American Financial Group
Insider Buying and Selling at American Financial Group
In related news, insider David Lawrence Thompson, Jr. sold 11,370 shares of American Financial Group stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $135.05, for a total value of $1,535,518.50. Following the completion of the sale, the insider owned 584,098 shares of the company's stock, valued at approximately $78,882,434.90. The trade was a 1.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michelle A. Gillis sold 2,247 shares of the company's stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $139.00, for a total transaction of $312,333.00. Following the completion of the sale, the senior vice president owned 13,135 shares of the company's stock, valued at $1,825,765. This represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.90% of the stock is currently owned by insiders.
American Financial Group Profile
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Free Report)
American Financial Group, Inc NYSE: AFG is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.
The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.
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