American Financial Group, Inc. (NYSE:AFG) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lowered its position in American Financial Group, Inc. (NYSE:AFG - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,672 shares of the insurance provider's stock after selling 3,654 shares during the quarter. Corebridge Financial Inc. owned about 0.10% of American Financial Group worth $11,183,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AFG. UMB Bank n.a. grew its position in American Financial Group by 86.8% in the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock worth $47,000 after acquiring an additional 158 shares during the period. Jones Financial Companies Lllp boosted its position in shares of American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after purchasing an additional 248 shares during the period. Allworth Financial LP grew its stake in shares of American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after buying an additional 527 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in American Financial Group during the 3rd quarter valued at about $125,000. Finally, Brooklyn Investment Group purchased a new stake in American Financial Group during the third quarter worth about $130,000. Hedge funds and other institutional investors own 64.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered shares of American Financial Group from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $164.00 to $144.00 in a report on Friday, February 7th.

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American Financial Group Stock Up 1.8 %

Shares of American Financial Group stock traded up $2.33 on Friday, reaching $130.10. 624,233 shares of the company were exchanged, compared to its average volume of 356,797. The stock's 50 day moving average price is $128.06 and its 200-day moving average price is $133.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 1-year low of $118.97 and a 1-year high of $150.19. The company has a market cap of $10.93 billion, a P/E ratio of 12.31 and a beta of 0.79.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. As a group, equities analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. American Financial Group's payout ratio is currently 30.27%.

Insider Transactions at American Financial Group

In related news, Director Gregory G. Joseph purchased 3,000 shares of American Financial Group stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the transaction, the director now directly owns 57,477 shares in the company, valued at approximately $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 14.50% of the company's stock.

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.