American Financial Group, Inc. (NYSE:AFG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,124 shares of the insurance provider's stock after selling 5,000 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of American Financial Group worth $9,465,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Crossmark Global Holdings Inc. grew its holdings in shares of American Financial Group by 1.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider's stock valued at $794,000 after purchasing an additional 81 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in American Financial Group by 4.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider's stock worth $291,000 after buying an additional 83 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in American Financial Group by 4.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,226 shares of the insurance provider's stock worth $305,000 after buying an additional 97 shares during the last quarter. Van ECK Associates Corp increased its position in American Financial Group by 0.8% in the fourth quarter. Van ECK Associates Corp now owns 12,040 shares of the insurance provider's stock worth $1,649,000 after buying an additional 101 shares during the period. Finally, Highland Capital Management LLC lifted its stake in American Financial Group by 6.5% in the fourth quarter. Highland Capital Management LLC now owns 1,746 shares of the insurance provider's stock valued at $239,000 after buying an additional 107 shares during the last quarter. Institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AFG shares. BMO Capital Markets increased their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a report on Friday, November 15th. Piper Sandler upped their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods cut American Financial Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from $164.00 to $144.00 in a report on Friday, February 7th.

American Financial Group Stock Performance

Shares of AFG traded down $1.00 during trading hours on Friday, reaching $119.80. 728,563 shares of the company's stock traded hands, compared to its average volume of 417,058. American Financial Group, Inc. has a twelve month low of $118.97 and a twelve month high of $150.19. The business's fifty day simple moving average is $133.23 and its two-hundred day simple moving average is $134.54. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 11.33 and a beta of 0.83.

American Financial Group (NYSE:AFG - Get Free Report) last released its 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 net margin of 10.66% and a return on equity of 20.30%. Analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.67%. American Financial Group's dividend payout ratio (DPR) is 30.27%.

About American Financial Group

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.