American Financial Group, Inc. (NYSE:AFG) Shares Sold by Reinhart Partners LLC.

Reinhart Partners LLC. cut its position in American Financial Group, Inc. (NYSE:AFG) by 6.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,113 shares of the insurance provider’s stock after selling 4,074 shares during the period. Reinhart Partners LLC.’s holdings in American Financial Group were worth $7,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Natixis purchased a new position in American Financial Group during the fourth quarter worth approximately $47,000. Lazard Asset Management LLC purchased a new position in American Financial Group during the fourth quarter worth approximately $53,000. Jones Financial Companies Lllp lifted its position in American Financial Group by 91.2% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after buying an additional 248 shares in the last quarter. Measured Risk Portfolios Inc. purchased a new position in American Financial Group during the fourth quarter worth approximately $73,000. Finally, Allworth Financial LP lifted its position in American Financial Group by 301.1% during the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock worth $94,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of American Financial Group stock opened at $125.19 on Friday. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 11.84 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The business’s 50 day moving average price is $125.07 and its 200 day moving average price is $130.32.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.36). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. American Financial Group’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

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

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their price objective on American Financial Group from $126.00 to $125.00 and set a “market perform” rating on the stock in a research report on Friday, May 9th.

About American Financial Group

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.