4,540 American Financial Group, Inc. $AFG Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. lessened its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 15.6% during the 3rd quarter, Holdings Channel reports. The firm owned 24,503 shares of the insurance provider’s stock after selling 4,540 shares during the period. Reinhart Partners LLC.’s holdings in American Financial Group were worth $3,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new stake in American Financial Group during the 1st quarter worth approximately $2,567,000. First Trust Advisors LP boosted its position in American Financial Group by 433.2% in the 1st quarter. First Trust Advisors LP now owns 316,974 shares of the insurance provider’s stock valued at $40,481,000 after buying an additional 257,522 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in American Financial Group in the 2nd quarter valued at approximately $1,121,000. Bank of Nova Scotia acquired a new position in shares of American Financial Group in the second quarter worth $6,760,000. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of American Financial Group by 281.1% in the first quarter. Y Intercept Hong Kong Ltd now owns 28,243 shares of the insurance provider’s stock worth $3,607,000 after acquiring an additional 20,832 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen cut American Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 12th. Wells Fargo & Company boosted their target price on American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Weiss Ratings upgraded American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Piper Sandler increased their price target on American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on American Financial Group from $148.00 to $153.00 and gave the company a “market perform” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, American Financial Group currently has a consensus rating of “Hold” and a consensus price target of $156.00.

American Financial Group Trading Down 0.6%

Shares of NYSE:AFG opened at $141.09 on Friday. American Financial Group, Inc. has a 52 week low of $123.09 and a 52 week high of $148.71. The company’s 50 day moving average is $142.34 and its two-hundred day moving average is $137.29. The company has a market cap of $11.70 billion, a PE ratio of 12.33 and a beta of 0.59. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, August 4th. The insurance provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.50. The firm had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 earnings per share. Equities analysts predict that American Financial Group, Inc. will post 12.29 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 23rd. Shareholders of record on Thursday, October 15th will be issued a dividend of $0.97 per share. This is a positive change from American Financial Group’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $3.88 dividend on an annualized basis and a yield of 2.7%. American Financial Group’s dividend payout ratio (DPR) is presently 33.92%.

Insider Activity

In related news, CFO Brian S. Hertzman sold 950 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $142.87, for a total transaction of $135,726.50. Following the completion of the sale, the chief financial officer owned 11,123 shares in the company, valued at $1,589,143.01. The trade was a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark A. Weiss sold 2,813 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $144.76, for a total value of $407,209.88. Following the completion of the transaction, the vice president directly owned 6,648 shares of the company’s stock, valued at $962,364.48. This trade represents a 29.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 16.90% of the company’s stock.

American Financial Group Profile

American Financial Group, Inc is an insurance holding company headquartered in Cincinnati, Ohio. Through its Great American Insurance Group businesses, the company primarily provides property and casualty insurance products, with an emphasis on specialty commercial markets that require specialized underwriting expertise.

Its insurance offerings include coverage for commercial transportation, agriculture, workers’ compensation, excess and surplus risks, environmental exposures, inland marine, and other niche industries.