Taylor Frigon Capital Management LLC Has $1.48 Million Position in American Financial Group, Inc. (NYSE:AFG)

Taylor Frigon Capital Management LLC lessened its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 0.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,014 shares of the insurance provider’s stock after selling 76 shares during the period. Taylor Frigon Capital Management LLC’s holdings in American Financial Group were worth $1,482,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in American Financial Group by 13.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock valued at $5,145,000 after buying an additional 4,420 shares during the period. Hengehold Capital Management LLC grew its holdings in shares of American Financial Group by 40.0% in the first quarter. Hengehold Capital Management LLC now owns 25,532 shares of the insurance provider’s stock worth $3,485,000 after purchasing an additional 7,295 shares during the last quarter. Vident Advisory LLC increased its position in shares of American Financial Group by 360.7% in the first quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock valued at $3,706,000 after acquiring an additional 21,261 shares during the period. Norden Group LLC bought a new position in shares of American Financial Group during the first quarter valued at approximately $885,000. Finally, Edgestream Partners L.P. boosted its position in American Financial Group by 308.5% during the 1st quarter. Edgestream Partners L.P. now owns 24,080 shares of the insurance provider’s stock valued at $3,286,000 after acquiring an additional 18,185 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

AFG has been the subject of a number of analyst reports. BMO Capital Markets raised their price objective on American Financial Group from $132.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, October 8th. Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $144.00 to $137.00 in a research report on Friday, June 28th.

American Financial Group Stock Performance

Shares of AFG traded up $0.63 during mid-day trading on Thursday, reaching $132.65. The company had a trading volume of 47,053 shares, compared to its average volume of 300,208. American Financial Group, Inc. has a 52-week low of $106.62 and a 52-week high of $138.81. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $11.12 billion, a P/E ratio of 12.63 and a beta of 0.78. The stock has a 50 day moving average of $134.08 and a two-hundred day moving average of $129.68.

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

American Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th will be given a dividend of $0.80 per share. This is a positive change from American Financial Group’s previous quarterly dividend of $0.71. This represents a $3.20 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Tuesday, October 15th. 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.