Ontario Teachers Pension Plan Board Purchases Shares of 9,862 American Financial Group, Inc. $AFG

Ontario Teachers Pension Plan Board acquired a new position in American Financial Group, Inc. (NYSE:AFG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,862 shares of the insurance provider's stock, valued at approximately $1,245,000.

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A number of other institutional investors and hedge funds have also recently modified their holdings of AFG. Hantz Financial Services Inc. increased its holdings in American Financial Group by 421.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider's stock worth $25,000 after buying an additional 160 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of American Financial Group in the second quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Financial Group during the first quarter worth about $34,000. Headlands Technologies LLC purchased a new position in American Financial Group during the first quarter valued at approximately $55,000. Finally, IFP Advisors Inc boosted its position in American Financial Group by 86.7% in the 2nd quarter. IFP Advisors Inc now owns 422 shares of the insurance provider's stock worth $57,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

Insider Transactions at American Financial Group

In related news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $134.31, for a total value of $1,343,100.00. Following the completion of the sale, the director directly owned 326,730 shares of the company's stock, valued at $43,883,106.30. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian S. Hertzman sold 1,777 shares of the company's stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $142.51, for a total value of $253,240.27. Following the sale, the chief financial officer owned 11,300 shares in the company, valued at $1,610,363. The trade was a 13.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on AFG. Weiss Ratings reiterated a "buy (b-)" rating on shares of American Financial Group in a research note on Thursday. Piper Sandler lifted their price target on American Financial Group from $130.00 to $139.00 and gave the company a "neutral" rating in a research note on Thursday, November 6th. Wall Street Zen raised American Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Jefferies Financial Group reiterated a "hold" rating and set a $142.00 price target on shares of American Financial Group in a research report on Tuesday, November 11th. Finally, Keefe, Bruyette & Woods cut their price objective on American Financial Group from $127.00 to $124.00 and set a "market perform" rating for the company in a research report on Tuesday, August 12th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $135.00.

Read Our Latest Stock Analysis on AFG

American Financial Group Trading Down 0.6%

AFG opened at $142.29 on Monday. The firm's 50 day moving average is $139.09 and its 200-day moving average is $131.33. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.19. The firm has a market capitalization of $11.87 billion, a P/E ratio of 15.64 and a beta of 0.78. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share for the quarter, topping analysts' consensus estimates of $2.35 by $0.34. The business had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.02 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The business's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.31 earnings per share. Analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, November 17th. American Financial Group's dividend payout ratio (DPR) is presently 36.97%.

About American Financial Group

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.

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