Hengehold Capital Management LLC Sells 10,516 Shares of American Financial Group, Inc. $AFG

Hengehold Capital Management LLC trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 24.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,364 shares of the insurance provider’s stock after selling 10,516 shares during the period. Hengehold Capital Management LLC’s holdings in American Financial Group were worth $4,716,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in American Financial Group during the second quarter valued at approximately $106,707,000. AQR Capital Management LLC boosted its stake in shares of American Financial Group by 240.0% in the 1st quarter. AQR Capital Management LLC now owns 585,841 shares of the insurance provider’s stock valued at $76,821,000 after purchasing an additional 413,516 shares in the last quarter. Vestor Capital LLC grew its holdings in shares of American Financial Group by 64,631.3% during the 2nd quarter. Vestor Capital LLC now owns 388,388 shares of the insurance provider’s stock valued at $49,018,000 after purchasing an additional 387,788 shares during the last quarter. Millennium Management LLC raised its position in American Financial Group by 166.7% in the 1st quarter. Millennium Management LLC now owns 280,012 shares of the insurance provider’s stock worth $36,777,000 after purchasing an additional 175,015 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in American Financial Group in the 2nd quarter worth $20,560,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of American Financial Group in a research report on Monday, December 22nd. Wall Street Zen upgraded American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Jefferies Financial Group restated a “hold” rating and set a $142.00 price target on shares of American Financial Group in a research report on Tuesday, November 11th. Finally, Piper Sandler boosted their price objective on American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $135.00.

American Financial Group Stock Performance

American Financial Group stock opened at $138.18 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.38. The firm has a market cap of $11.52 billion, a P/E ratio of 14.51 and a beta of 0.69. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.02. The firm has a 50-day moving average of $136.00 and a 200-day moving average of $133.80.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.34. American Financial Group had a return on equity of 18.05% and a net margin of 9.66%.The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same quarter in the previous year, the business earned $2.31 EPS. American Financial Group’s revenue was up 13.4% compared to the same quarter last year. Sell-side analysts expect 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 special dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 17th were issued a dividend of $2.00 per share. The ex-dividend date was Monday, November 17th. American Financial Group’s dividend payout ratio is currently 36.97%.

Insider Buying and Selling

In other American Financial Group news, CFO Brian S. Hertzman sold 1,777 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $142.51, for a total transaction of $253,240.27. Following the transaction, the chief financial officer directly owned 11,300 shares of the company’s stock, valued at approximately $1,610,363. The trade was a 13.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.40% of the stock is owned by insiders.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.