Retirement Systems of Alabama Has $23.06 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Retirement Systems of Alabama increased its position in American Financial Group, Inc. (NYSE:AFG) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,354 shares of the insurance provider’s stock after acquiring an additional 1,714 shares during the quarter. Retirement Systems of Alabama owned about 0.20% of American Financial Group worth $23,064,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares during the period. Geode Capital Management LLC grew its holdings 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. Bank of Montreal Can increased its position in American Financial Group by 251.1% in the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock worth $19,442,000 after buying an additional 105,764 shares during the period. State Street Corp lifted its holdings in shares of American Financial Group by 4.0% during the third quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after buying an additional 104,172 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of American Financial Group by 123.4% during the third quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock worth $15,486,000 after buying an additional 63,541 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Price Performance

Shares of AFG stock opened at $139.91 on Friday. The company has a market capitalization of $11.74 billion, a P/E ratio of 13.11 and a beta of 0.82. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 12 month low of $115.64 and a 12 month high of $150.19. The stock has a 50 day moving average of $138.05 and a two-hundred day moving average of $132.17.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts expect that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a $4.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is a positive change from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 29.99%.

Wall Street Analysts Forecast Growth

AFG has been the topic of a number of research reports. Piper Sandler boosted 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. BMO Capital Markets raised 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 research report on Friday, November 15th.

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.