Frank Rimerman Advisors LLC Buys 4,679 Shares of American Financial Group, Inc. $AFG

Frank Rimerman Advisors LLC grew its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 43.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in American Financial Group by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 2,640 shares of the insurance provider’s stock worth $333,000 after acquiring an additional 83 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in American Financial Group by 1.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 7,405 shares of the insurance provider’s stock valued at $1,087,000 after buying an additional 115 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of American Financial Group by 2.7% in the third quarter. QRG Capital Management Inc. now owns 5,938 shares of the insurance provider’s stock worth $865,000 after purchasing an additional 154 shares in the last quarter. A&I Financial Services LLC lifted its position in American Financial Group by 3.4% during the 3rd quarter. A&I Financial Services LLC now owns 4,669 shares of the insurance provider’s stock worth $684,000 after buying an additional 155 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in American Financial Group by 421.1% during the second quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 160 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on AFG. Weiss Ratings lowered shares of American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 target price on shares of American Financial Group in a research report on Tuesday, November 11th. Piper Sandler raised their price target on shares of American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Wells Fargo & Company assumed coverage on American Financial Group in a research note on Thursday, January 15th. They set an “overweight” rating and a $165.00 price objective on the stock. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $142.50.

American Financial Group Price Performance

Shares of AFG opened at $130.41 on Friday. The firm has a market cap of $10.88 billion, a PE ratio of 13.70 and a beta of 0.70. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.02. The business’s 50 day moving average price is $134.03 and its two-hundred day moving average price is $134.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.55 and a current ratio of 0.55.

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

American Financial Group Announces Dividend

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

Insider Buying and Selling

In other American Financial Group news, CFO Brian S. Hertzman sold 1,777 shares of the 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 sale, the chief financial officer owned 11,300 shares in the company, valued at $1,610,363. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 17.40% of the stock is currently owned by company insiders.

American Financial Group 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.