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

Reinhart Partners LLC. lowered its stake in American Financial Group, Inc. (NYSE:AFG) by 28.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,043 shares of the insurance provider’s stock after selling 11,430 shares during the quarter. Reinhart Partners LLC.’s holdings in American Financial Group were worth $4,064,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of American Financial Group in the fourth quarter worth $114,661,000. M&T Bank Corp boosted its stake in shares of American Financial Group by 20,131.5% during the fourth quarter. M&T Bank Corp now owns 637,090 shares of the insurance provider’s stock valued at $87,077,000 after acquiring an additional 633,941 shares during the last quarter. Vestor Capital LLC increased its position in American Financial Group by 100,006.8% during the 4th quarter. Vestor Capital LLC now owns 600,641 shares of the insurance provider’s stock worth $82,096,000 after purchasing an additional 600,041 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in American Financial Group by 337.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 431,144 shares of the insurance provider’s stock worth $55,061,000 after purchasing an additional 332,517 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. acquired a new position in American Financial Group in the 4th quarter valued at about $43,832,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Transactions at American Financial Group

In related news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $135.05, for a total value of $1,535,518.50. Following the sale, the insider directly owned 584,098 shares of the company’s stock, valued at approximately $78,882,434.90. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mark A. Weiss sold 2,813 shares of the business’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 transaction of $407,209.88. Following the completion of the sale, the vice president owned 6,648 shares of the company’s stock, valued at approximately $962,364.48. The trade was a 29.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 16,430 shares of company stock worth $2,255,061 in the last three months. Company insiders own 16.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on AFG shares. Weiss Ratings restated a “buy (b-)” rating on shares of American Financial Group in a report on Thursday, June 11th. Keefe, Bruyette & Woods boosted their price objective on shares of American Financial Group from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. Piper Sandler upped their price objective on shares of American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company upped their price objective on shares of American Financial Group from $158.00 to $173.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, American Financial Group has a consensus rating of “Hold” and a consensus target price of $150.75.

American Financial Group Stock Performance

American Financial Group stock opened at $145.66 on Friday. The firm has a market capitalization of $12.10 billion, a P/E ratio of 12.73 and a beta of 0.62. The stock has a fifty day moving average price of $138.53 and a 200 day moving average price of $133.33. American Financial Group, Inc. has a 52 week low of $123.09 and a 52 week high of $150.02. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.32 by $0.50. American Financial Group had a return on equity of 20.43% and a net margin of 11.51%.The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the prior year, the business posted $2.14 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, July 15th. American Financial Group’s dividend payout ratio is presently 30.77%.

American Financial Group Profile

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.