Reinhart Partners LLC. Sells 26,127 Shares of American Financial Group, Inc. $AFG

Reinhart Partners LLC. trimmed its position in American Financial Group, Inc. (NYSE:AFG) by 50.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,504 shares of the insurance provider’s stock after selling 26,127 shares during the period. Reinhart Partners LLC.’s holdings in American Financial Group were worth $3,486,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AFG. Global Retirement Partners LLC lifted its holdings in shares of American Financial Group by 904.8% in the fourth quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of American Financial Group by 87.7% in the fourth quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 121 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of American Financial Group by 165.0% in the third quarter. Smartleaf Asset Management LLC now owns 273 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 170 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of American Financial Group in the third quarter valued at about $44,000. Finally, Bessemer Group Inc. lifted its holdings in shares of American Financial Group by 332.9% in the third quarter. Bessemer Group Inc. now owns 368 shares of the insurance provider’s stock valued at $54,000 after purchasing an additional 283 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AFG shares. Wells Fargo & Company boosted their price target on American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Piper Sandler boosted their price target on American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Finally, Keefe, Bruyette & Woods boosted their price target on American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.00.

American Financial Group Price Performance

American Financial Group stock opened at $128.97 on Wednesday. American Financial Group, Inc. has a 12 month low of $121.75 and a 12 month high of $150.02. The stock’s 50 day moving average is $131.24 and its 200-day moving average is $132.35. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 12.26 and a beta of 0.64.

American Financial Group (NYSE:AFG) last posted its earnings results on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.07). American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the previous year, the company posted $1.81 EPS. American Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. Equities research analysts expect that American Financial Group, Inc. will post 11.37 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. American Financial Group’s dividend payout ratio is currently 33.46%.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.