Hengehold Capital Management LLC Sells 13,999 Shares of American Financial Group, Inc. (NYSE:AFG)

Hengehold Capital Management LLC lessened its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 44,729 shares of the insurance provider's stock after selling 13,999 shares during the period. Hengehold Capital Management LLC owned 0.05% of American Financial Group worth $6,125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFG. Envestnet Asset Management Inc. lifted its holdings in shares of American Financial Group by 5.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 47,143 shares of the insurance provider's stock worth $5,800,000 after acquiring an additional 2,556 shares during the period. Renaissance Technologies LLC bought a new stake in American Financial Group during the second quarter worth $1,501,000. Canada Pension Plan Investment Board acquired a new stake in shares of American Financial Group in the 2nd quarter valued at $1,808,000. Pacer Advisors Inc. boosted its holdings in shares of American Financial Group by 2.6% in the 2nd quarter. Pacer Advisors Inc. now owns 12,541 shares of the insurance provider's stock valued at $1,543,000 after purchasing an additional 321 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of American Financial Group by 0.3% during the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider's stock worth $3,206,000 after buying an additional 86 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Trading Up 1.0 %

Shares of NYSE AFG traded up $1.32 during trading on Friday, reaching $135.12. The company had a trading volume of 285,466 shares, compared to its average volume of 269,964. The stock has a market cap of $11.34 billion, a P/E ratio of 12.66 and a beta of 0.83. The company's fifty day moving average price is $138.55 and its 200-day moving average price is $134.22. 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 $115.64 and a 12 month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 EPS. As a group, research analysts expect that American Financial Group, Inc. will post 10.74 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, January 14th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.37%. American Financial Group's payout ratio is presently 29.99%.

Analyst Upgrades and Downgrades

AFG has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a research note on Friday, November 15th. Piper Sandler raised their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of American Financial Group from $165.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, January 10th.

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.