Cassady Schiller Wealth Management LLC Sells 142 Shares of American Financial Group, Inc. (NYSE:AFG)

Cassady Schiller Wealth Management LLC trimmed its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 9.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,301 shares of the insurance provider’s stock after selling 142 shares during the quarter. Cassady Schiller Wealth Management LLC’s holdings in American Financial Group were worth $178,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Natixis Advisors LLC grew its position in American Financial Group by 6.0% during the fourth quarter. Natixis Advisors LLC now owns 19,001 shares of the insurance provider’s stock valued at $2,602,000 after buying an additional 1,072 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in American Financial Group during the fourth quarter valued at approximately $370,000. Commonwealth Equity Services LLC grew its position in American Financial Group by 10.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,907 shares of the insurance provider’s stock valued at $2,315,000 after buying an additional 1,647 shares during the period. Achmea Investment Management B.V. grew its position in American Financial Group by 7.6% during the fourth quarter. Achmea Investment Management B.V. now owns 6,377 shares of the insurance provider’s stock valued at $873,000 after buying an additional 449 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of American Financial Group in the fourth quarter worth approximately $394,000. 64.37% of the stock is currently owned by institutional investors.

Insider Transactions at American Financial Group

In related news, Director Gregory G. Joseph bought 3,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the completion of the acquisition, the director now owns 57,477 shares of the company’s stock, valued at $6,954,717. This represents a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.50% of the company’s stock.

American Financial Group Stock Performance

AFG opened at $127.25 on Monday. The firm has a market cap of $10.69 billion, a P/E ratio of 12.04 and a beta of 0.79. American Financial Group, Inc. has a 1-year low of $118.97 and a 1-year high of $150.19. The company has a 50 day simple moving average of $129.35 and a two-hundred day simple moving average of $134.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Equities analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share 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. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group’s dividend payout ratio (DPR) is presently 30.27%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

American Financial Group Company Profile

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.