Victory Capital Management Inc. reduced its position in American Financial Group, Inc. (NYSE:AFG – Free Report) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,803,850 shares of the insurance provider’s stock after selling 160,092 shares during the period. Victory Capital Management Inc. owned approximately 3.36% of American Financial Group worth $383,230,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Geode Capital Management LLC grew its position in American Financial Group by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 1,732,557 shares of the insurance provider’s stock valued at $236,645,000 after purchasing an additional 29,731 shares during the period. Dimensional Fund Advisors LP grew its position in American Financial Group by 12.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,266,001 shares of the insurance provider’s stock valued at $173,045,000 after purchasing an additional 138,483 shares during the period. Northern Trust Corp grew its position in American Financial Group by 33.2% in the 3rd quarter. Northern Trust Corp now owns 1,026,783 shares of the insurance provider’s stock valued at $149,623,000 after purchasing an additional 255,693 shares during the period. Norges Bank acquired a new stake in American Financial Group in the 4th quarter valued at $114,661,000. Finally, M&T Bank Corp grew its position in American Financial Group by 20,131.5% in the 4th quarter. M&T Bank Corp now owns 637,090 shares of the insurance provider’s stock valued at $87,077,000 after purchasing an additional 633,941 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.
American Financial Group Price Performance
Shares of AFG stock opened at $134.00 on Friday. American Financial Group, Inc. has a 1 year low of $121.98 and a 1 year high of $150.02. The firm’s 50 day moving average is $132.01 and its 200-day moving average is $131.88. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 12.74 and a beta of 0.64. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.
American Financial Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s dividend payout ratio is presently 33.46%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on AFG shares. Weiss Ratings raised shares of American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Piper Sandler lifted their price target on shares of American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Wells Fargo & Company lifted their price target on shares of American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, American Financial Group currently has a consensus rating of “Hold” and an average price target of $145.00.
Check Out Our Latest Analysis on AFG
About American Financial Group
American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.
The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.
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