Alaska Permanent Fund Corp Has $8.21 Million Stake in American Financial Group, Inc. (NYSE:AFG)

Alaska Permanent Fund Corp lessened its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 15.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,014 shares of the insurance provider's stock after selling 12,538 shares during the period. Alaska Permanent Fund Corp owned 0.08% of American Financial Group worth $8,205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. VisionPoint Advisory Group LLC boosted its stake in shares of American Financial Group by 132.5% during the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider's stock worth $30,000 after buying an additional 155 shares during the period. Ronald Blue Trust Inc. boosted its stake in shares of American Financial Group by 44.8% during the third quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider's stock worth $39,000 after buying an additional 100 shares during the period. Arlington Trust Co LLC acquired a new stake in American Financial Group in the fourth quarter valued at about $42,000. Itau Unibanco Holding S.A. acquired a new stake in American Financial Group in the third quarter valued at about $52,000. Finally, GAMMA Investing LLC acquired a new stake in American Financial Group in the fourth quarter valued at about $53,000. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Trading Down 0.8 %

Shares of AFG traded down $1.01 during mid-day trading on Thursday, reaching $128.71. The company had a trading volume of 312,830 shares, compared to its average volume of 334,802. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 12.81 and a beta of 0.79. The firm has a fifty day simple moving average of $129.60 and a 200-day simple moving average of $120.37. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $137.71. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. American Financial Group's revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $2.99 EPS. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.99 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be issued a dividend of $0.71 per share. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.84 annualized dividend and a dividend yield of 2.21%. American Financial Group's payout ratio is 28.26%.

Insider Activity at American Financial Group

In related news, Director James E. Evans sold 2,274 shares of American Financial Group stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $128.64, for a total transaction of $292,527.36. Following the sale, the director now owns 105,302 shares of the company's stock, valued at approximately $13,546,049.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Brian S. Hertzman sold 1,067 shares of the business's stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total value of $135,455.65. Following the completion of the sale, the chief financial officer now owns 10,583 shares of the company's stock, valued at approximately $1,343,511.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Evans sold 2,274 shares of the business's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $128.64, for a total transaction of $292,527.36. Following the completion of the sale, the director now directly owns 105,302 shares of the company's stock, valued at approximately $13,546,049.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,843 shares of company stock worth $1,854,746. 14.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AFG has been the subject of a number of research analyst reports. Piper Sandler reaffirmed a "neutral" rating and issued a $129.00 target price on shares of American Financial Group in a report on Monday, April 1st. Citigroup raised their price objective on shares of American Financial Group from $139.00 to $150.00 and gave the stock a "buy" rating in a research note on Monday, March 25th. Three equities 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 an average target price of $133.50.

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.