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

Key Points

• Reinhart Partners LLC reduced its stake in American Financial Group by 9.0%, now holding 53,812 shares valued at approximately $6.79 million.
• American Financial Group recently reported an EPS of $2.14 for the quarter, outperforming estimates, but had revenue of $1.65 billion, falling short of expectations.
• The company declared a quarterly dividend of $0.80 per share, yielding 2.3%, with a dividend payout ratio of 35.16%.

Reinhart Partners LLC. reduced its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,812 shares of the insurance provider's stock after selling 5,301 shares during the quarter. Reinhart Partners LLC. owned about 0.06% of American Financial Group worth $6,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AFG. Private Trust Co. NA grew its position in American Financial Group by 144.3% during the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 127 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Financial Group during the first quarter valued at approximately $34,000. Lazard Asset Management LLC bought a new stake in shares of American Financial Group during the fourth quarter valued at approximately $53,000. Headlands Technologies LLC bought a new position in American Financial Group in the 1st quarter valued at approximately $55,000. Finally, Costello Asset Management INC purchased a new stake in American Financial Group during the 1st quarter valued at $68,000. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Up 0.4%

Shares of AFG stock traded up $0.55 during trading hours on Friday, reaching $141.34. 1,253,293 shares of the company's stock were exchanged, compared to its average volume of 434,065. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.33. The stock has a market cap of $11.79 billion, a PE ratio of 15.53 and a beta of 0.73. The stock's fifty day moving average price is $132.10 and its two-hundred day moving average price is $127.77.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $1.65 billion during the quarter, compared to analysts' expectations of $1.77 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The company's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $2.56 earnings per share. Research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a $0.80 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.3%. American Financial Group's payout ratio is 35.16%.

Insiders Place Their Bets

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the transaction, the director directly owned 326,730 shares of the company's stock, valued at $43,883,106.30. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 17.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on AFG shares. Wall Street Zen raised American Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. Keefe, Bruyette & Woods decreased their target price on shares of American Financial Group from $127.00 to $124.00 and set a "market perform" rating for the company in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group raised their price target on American Financial Group from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Financial Group presently has an average rating of "Hold" and a consensus target price of $136.75.

American Financial Group 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.