American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 4.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,196 shares of the insurance provider’s stock after buying an additional 411 shares during the period. Frank Rimerman Advisors LLC’s holdings in American Financial Group were worth $1,372,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new position in American Financial Group during the 2nd quarter worth $30,000. Headlands Technologies LLC purchased a new position in American Financial Group during the second quarter worth about $38,000. Covestor Ltd lifted its position in American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 346 shares during the period. Blue Trust Inc. lifted its position in American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC boosted its holdings in American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets upped their price objective on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th.

American Financial Group Trading Down 2.4 %

Shares of AFG opened at $129.41 on Monday. American Financial Group, Inc. has a fifty-two week low of $106.62 and a fifty-two week high of $138.81. The company has a market capitalization of $10.85 billion, a PE ratio of 12.38 and a beta of 0.78. The stock has a fifty day moving average of $134.18 and a two-hundred day moving average of $129.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.11. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.72 billion. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.38 earnings per share. As a group, analysts forecast that American Financial Group, Inc. will post 10.99 EPS for the current year.

American Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from American Financial Group’s previous quarterly dividend of $0.71. This represents a $3.20 annualized dividend and a dividend yield of 2.47%. American Financial Group’s dividend payout ratio (DPR) is currently 30.62%.

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.