Frank Rimerman Advisors LLC Trims Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Frank Rimerman Advisors LLC reduced its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 37.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,390 shares of the insurance provider's stock after selling 3,806 shares during the period. Frank Rimerman Advisors LLC's holdings in American Financial Group were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of AFG. Catalyst Funds Management Pty Ltd acquired a new position in shares of American Financial Group in the fourth quarter valued at approximately $370,000. Commonwealth Equity Services LLC grew its stake in shares of American Financial Group by 10.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,907 shares of the insurance provider's stock worth $2,315,000 after acquiring an additional 1,647 shares in the last quarter. Achmea Investment Management B.V. grew its stake in shares of American Financial Group by 7.6% in the fourth quarter. Achmea Investment Management B.V. now owns 6,377 shares of the insurance provider's stock worth $873,000 after acquiring an additional 449 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of American Financial Group during the fourth quarter worth $394,000. Finally, HighTower Advisors LLC raised its stake in shares of American Financial Group by 14.1% in the fourth quarter. HighTower Advisors LLC now owns 13,658 shares of the insurance provider's stock valued at $1,870,000 after acquiring an additional 1,685 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at American Financial Group

In related news, Director Gregory G. Joseph acquired 3,000 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was bought at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the purchase, the director now directly owns 57,477 shares of the company's stock, valued at approximately $6,954,717. The trade was a 5.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 14.50% of the company's stock.

American Financial Group Stock Down 0.1 %

NYSE AFG traded down $0.07 on Thursday, hitting $125.15. 518,324 shares of the stock were exchanged, compared to its average volume of 320,183. The company has a market cap of $10.51 billion, a PE ratio of 11.84 and a beta of 0.79. The company has a 50-day moving average price of $128.96 and a 200-day moving average price of $134.12. American Financial Group, Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $150.19. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Sell-side analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be given a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group's dividend payout ratio (DPR) is 30.27%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut 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 research note on Friday, February 7th.

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.