Reinhart Partners LLC. Sells 4,074 Shares of American Financial Group, Inc. (NYSE:AFG)

Reinhart Partners LLC. trimmed its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 6.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 59,113 shares of the insurance provider's stock after selling 4,074 shares during the quarter. Reinhart Partners LLC. owned 0.07% of American Financial Group worth $7,764,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AFG. Norges Bank bought a new stake in shares of American Financial Group in the 4th quarter worth approximately $122,419,000. Voya Investment Management LLC increased its stake in shares of American Financial Group by 89.5% in the fourth quarter. Voya Investment Management LLC now owns 672,851 shares of the insurance provider's stock worth $92,134,000 after buying an additional 317,859 shares during the period. Northern Trust Corp increased its stake in shares of American Financial Group by 35.8% in the fourth quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider's stock worth $109,827,000 after buying an additional 211,630 shares during the period. Bank of New York Mellon Corp increased its stake in shares of American Financial Group by 26.2% in the fourth quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider's stock worth $136,566,000 after buying an additional 207,285 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of American Financial Group in the fourth quarter worth $20,675,000. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Up 1.7%

Shares of NYSE:AFG traded up $2.13 during midday trading on Friday, reaching $125.19. The company's stock had a trading volume of 400,696 shares, compared to its average volume of 397,629. The firm has a 50 day moving average of $125.07 and a 200-day moving average of $130.15. The firm has a market capitalization of $10.47 billion, a P/E ratio of 11.84 and a beta of 0.72. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.36). The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.76 EPS. On average, research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.56%. The ex-dividend date was Tuesday, April 15th. American Financial Group's dividend payout ratio is currently 33.61%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods decreased their target price on shares of American Financial Group from $126.00 to $125.00 and set a "market perform" rating on the stock in a research note on Friday, May 9th.

American Financial Group Company 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.