Taylor Frigon Capital Management LLC Sells 151 Shares of American Financial Group, Inc. (NYSE:AFG)

Taylor Frigon Capital Management LLC lowered its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,863 shares of the insurance provider’s stock after selling 151 shares during the period. Taylor Frigon Capital Management LLC’s holdings in American Financial Group were worth $1,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. FMR LLC raised its holdings in shares of American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after purchasing an additional 202,522 shares during the period. State Street Corp raised 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 valued at $362,526,000 after purchasing an additional 104,172 shares during the period. Geode Capital Management LLC raised its holdings in shares of American Financial Group by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after purchasing an additional 143,820 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of American Financial Group by 26.2% during the fourth quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider’s stock valued at $136,566,000 after purchasing an additional 207,285 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of American Financial Group by 0.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 607,677 shares of the insurance provider’s stock valued at $83,209,000 after purchasing an additional 3,580 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now owns 57,477 shares of the company’s stock, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.50% of the stock is currently owned by insiders.

American Financial Group Trading Up 0.4 %

AFG opened at $122.97 on Thursday. 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, Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $150.19. The firm has a market capitalization of $10.32 billion, a PE ratio of 11.63 and a beta of 0.83. The company’s 50-day moving average is $132.13 and its 200 day moving average is $134.58.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. As a group, research analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s payout ratio is 30.27%.

Analyst Ratings Changes

AFG has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $164.00 to $144.00 in a report on Friday, February 7th. Finally, Piper Sandler upped their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th.

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.