Victory Capital Management Inc. Has $458.76 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Victory Capital Management Inc. cut its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,350,317 shares of the insurance provider's stock after selling 54,062 shares during the quarter. American Financial Group accounts for 0.5% of Victory Capital Management Inc.'s portfolio, making the stock its 26th largest holding. Victory Capital Management Inc. owned 3.99% of American Financial Group worth $458,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of American Financial Group by 2.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 151,771 shares of the insurance provider's stock worth $20,782,000 after acquiring an additional 3,911 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of American Financial Group by 55.2% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,837 shares of the insurance provider's stock worth $1,073,000 after acquiring an additional 2,789 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of American Financial Group by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider's stock worth $44,832,000 after acquiring an additional 146,237 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of American Financial Group by 17.4% during the 3rd quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider's stock worth $6,833,000 after acquiring an additional 7,365 shares in the last quarter. Finally, Argent Capital Management LLC boosted its stake in shares of American Financial Group by 9.8% during the 4th quarter. Argent Capital Management LLC now owns 31,362 shares of the insurance provider's stock worth $4,294,000 after acquiring an additional 2,787 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

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Insider Activity at American Financial Group

In other news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the completion of the transaction, the director now owns 57,477 shares in the company, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.50% of the company's stock.

Wall Street Analyst Weigh In

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

American Financial Group Stock Down 0.7 %

Shares of AFG stock traded down $0.86 on Friday, reaching $127.12. 576,997 shares of the company's stock traded hands, compared to its average volume of 314,037. American Financial Group, Inc. has a 12-month low of $118.97 and a 12-month high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $10.68 billion, a P/E ratio of 12.03 and a beta of 0.79. The business's 50 day moving average price is $130.40 and its two-hundred day moving average price is $134.41.

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

American Financial Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group's payout ratio is 30.27%.

American Financial Group 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.