Reinhart Partners LLC. Cuts Stake in American Financial Group, Inc. (NYSE:AFG)

Reinhart Partners LLC. decreased its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 17.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,187 shares of the insurance provider’s stock after selling 13,538 shares during the period. Reinhart Partners LLC. owned 0.08% of American Financial Group worth $8,652,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC acquired a new position in American Financial Group in the second quarter valued at $38,000. Acadian Asset Management LLC acquired a new position in shares of American Financial Group in the 2nd quarter valued at about $85,000. Abich Financial Wealth Management LLC grew its holdings in shares of American Financial Group by 35.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 188 shares during the period. Point72 Hong Kong Ltd acquired a new stake in American Financial Group during the 2nd quarter worth approximately $99,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new position in American Financial Group in the third quarter valued at approximately $111,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Up 0.8 %

Shares of AFG stock traded up $1.07 during trading hours on Monday, hitting $130.93. 100,734 shares of the company were exchanged, compared to its average volume of 266,829. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 12.27 and a beta of 0.83. American Financial Group, Inc. has a one year low of $115.64 and a one year high of $150.19. The business’s 50-day simple moving average is $138.99 and its two-hundred day simple moving average is $133.49.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $2.45 EPS. American Financial Group’s revenue was up 10.8% compared to the same quarter last year. Sell-side analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group’s dividend payout ratio (DPR) is presently 29.99%.

Analysts Set New Price Targets

Several research firms have issued reports on AFG. Piper Sandler boosted their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Keefe, Bruyette & Woods decreased their price target on shares of American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday. Finally, BMO Capital Markets increased their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th.

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.