Teachers Retirement System of The State of Kentucky Has $2.98 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Teachers Retirement System of The State of Kentucky decreased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,154 shares of the insurance provider’s stock after selling 570 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Financial Group were worth $2,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Toronto Dominion Bank grew its holdings in shares of American Financial Group by 29.5% during the third quarter. Toronto Dominion Bank now owns 9,411 shares of the insurance provider’s stock valued at $1,267,000 after buying an additional 2,144 shares during the last quarter. Geode Capital Management LLC raised its position in American Financial Group by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after buying an additional 143,820 shares during the last quarter. Barclays PLC lifted its stake in American Financial Group by 11.0% during the 3rd quarter. Barclays PLC now owns 63,333 shares of the insurance provider’s stock valued at $8,528,000 after acquiring an additional 6,272 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in American Financial Group by 7.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 35,248 shares of the insurance provider’s stock worth $4,744,000 after acquiring an additional 2,500 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of American Financial Group by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock worth $458,000 after acquiring an additional 116 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AFG shares. BMO Capital Markets boosted their price target 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 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 Price Performance

AFG opened at $139.91 on Friday. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The firm has a 50-day moving average of $138.05 and a 200 day moving average of $132.17. 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 firm has a market cap of $11.74 billion, a P/E ratio of 13.11 and a beta of 0.82.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business earned $2.45 EPS. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts expect that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $4.00 per share. The ex-dividend date was Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is currently 29.99%.

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.