Reinhart Partners LLC. Has $8.65 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Reinhart Partners LLC. reduced its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 17.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 63,187 shares of the insurance provider's stock after selling 13,538 shares during the period. Reinhart Partners LLC. owned about 0.08% of American Financial Group worth $8,652,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of American Financial Group during the second quarter valued at approximately $38,000. Acadian Asset Management LLC acquired a new stake in shares of American Financial Group during the second quarter worth about $85,000. Abich Financial Wealth Management LLC lifted its stake in American Financial Group by 35.6% in the second quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider's stock valued at $88,000 after buying an additional 188 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in American Financial Group in the 2nd quarter worth $99,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of American Financial Group during the third quarter worth about $111,000. 64.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AFG shares. Keefe, Bruyette & Woods reduced their target price 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. Piper Sandler lifted their target price on American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. Finally, BMO Capital Markets increased their price target on shares of American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a report on Friday, November 15th.

American Financial Group Price Performance

Shares of AFG stock traded up $1.63 during trading on Monday, hitting $131.49. The company had a trading volume of 258,858 shares, compared to its average volume of 290,380. The firm has a market capitalization of $11.04 billion, a P/E ratio of 12.32 and a beta of 0.83. American Financial Group, Inc. has a one year low of $115.64 and a one year high of $150.19. 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 stock's 50-day moving average price is $138.99 and its 200 day moving average price is $133.49.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The business had revenue of $2.06 billion during 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 company's revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 EPS. Equities analysts expect that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, January 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.43%. American Financial Group's dividend payout ratio (DPR) is presently 29.99%.

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.