American Financial Group, Inc. (NYSE:AFG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in American Financial Group, Inc. (NYSE:AFG) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,449 shares of the insurance provider’s stock after selling 601 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in American Financial Group were worth $1,157,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AFG. Mirae Asset Global Investments Co. Ltd. grew its position in American Financial Group by 270.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,156 shares of the insurance provider’s stock valued at $156,000 after acquiring an additional 844 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of American Financial Group by 16.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,074 shares of the insurance provider’s stock valued at $818,000 after buying an additional 868 shares during the last quarter. US Bancorp DE boosted its stake in shares of American Financial Group by 16.0% during the 3rd quarter. US Bancorp DE now owns 12,777 shares of the insurance provider’s stock valued at $1,720,000 after buying an additional 1,764 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of American Financial Group by 2.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 51,621 shares of the insurance provider’s stock valued at $6,948,000 after buying an additional 1,430 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of American Financial Group by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 11,939 shares of the insurance provider’s stock valued at $1,576,000 after buying an additional 1,183 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of AFG opened at $125.96 on Wednesday. The business’s fifty day moving average price is $131.03 and its 200 day moving average price is $134.53. American Financial Group, Inc. has a 12-month low of $118.97 and a 12-month high of $150.19. The stock has a market capitalization of $10.58 billion, a PE ratio of 11.92 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

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

American Financial Group Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group’s payout ratio is 30.27%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AFG shares. BMO Capital Markets increased their target price on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Piper Sandler increased their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods cut 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 research note on Friday, February 7th.

Insider Buying and Selling at American Financial Group

In related news, Director Gregory G. Joseph bought 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the purchase, the director now owns 57,477 shares of the company’s stock, valued at $6,954,717. This represents a 5.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.50% of the stock is currently owned by company insiders.

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.