American Financial Group, Inc. $AFG Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC raised its stake in American Financial Group, Inc. (NYSE:AFG) by 43.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,416 shares of the insurance provider’s stock after buying an additional 4,679 shares during the period. Frank Rimerman Advisors LLC’s holdings in American Financial Group were worth $2,246,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AFG. National Pension Service purchased a new position in shares of American Financial Group in the third quarter worth approximately $92,000. AlphaQuest LLC acquired a new stake in shares of American Financial Group during the 3rd quarter valued at $810,000. Arizona State Retirement System boosted its position in American Financial Group by 1.3% during the third quarter. Arizona State Retirement System now owns 19,815 shares of the insurance provider’s stock valued at $2,887,000 after purchasing an additional 252 shares during the last quarter. Archer Investment Corp acquired a new stake in shares of American Financial Group during the 3rd quarter valued at about $291,000. Finally, New York State Common Retirement Fund raised its position in American Financial Group by 4.6% during the third quarter. New York State Common Retirement Fund now owns 34,309 shares of the insurance provider’s stock valued at $5,000,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE AFG opened at $130.41 on Friday. The company has a 50 day moving average of $134.03 and a 200-day moving average of $134.93. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.02. The firm has a market cap of $10.88 billion, a price-to-earnings ratio of 13.70 and a beta of 0.70. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.38.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $0.34. American Financial Group had a return on equity of 18.05% and a net margin of 9.66%.The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the previous year, the firm earned $2.31 earnings per share. The business’s revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 27th. Investors of record on Thursday, January 15th were issued a $0.88 dividend. The ex-dividend date of this dividend was Thursday, January 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. American Financial Group’s dividend payout ratio (DPR) is currently 36.97%.

Insider Activity at American Financial Group

In other news, CFO Brian S. Hertzman sold 1,777 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $142.51, for a total transaction of $253,240.27. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 17.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AFG shares. Jefferies Financial Group restated a “hold” rating and set a $142.00 target price on shares of American Financial Group in a report on Tuesday, November 11th. Weiss Ratings cut American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Wells Fargo & Company initiated coverage on shares of American Financial Group in a research note on Thursday, January 15th. They issued an “overweight” rating and a $165.00 target price for the company. Finally, Piper Sandler raised their target price on American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, American Financial Group currently has a consensus rating of “Hold” and an average price target of $142.50.

American Financial Group Company Profile

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.