Hengehold Capital Management LLC Reduces Holdings in American Financial Group, Inc. $AFG

Hengehold Capital Management LLC decreased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 24.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 32,364 shares of the insurance provider’s stock after selling 10,516 shares during the quarter. Hengehold Capital Management LLC’s holdings in American Financial Group were worth $4,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in American Financial Group by 3.2% during the second quarter. Advisors Asset Management Inc. now owns 2,640 shares of the insurance provider’s stock worth $333,000 after purchasing an additional 83 shares during the period. Diversified Trust Co lifted its stake in shares of American Financial Group by 4.6% during the 2nd quarter. Diversified Trust Co now owns 2,356 shares of the insurance provider’s stock valued at $297,000 after buying an additional 103 shares in the last quarter. UMB Bank n.a. boosted its holdings in American Financial Group by 15.6% in the 2nd quarter. UMB Bank n.a. now owns 776 shares of the insurance provider’s stock worth $98,000 after buying an additional 105 shares during the period. CX Institutional grew its stake in American Financial Group by 4.5% in the 2nd quarter. CX Institutional now owns 2,839 shares of the insurance provider’s stock valued at $358,000 after buying an additional 122 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in American Financial Group by 421.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 160 shares during the period. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Price Performance

American Financial Group stock opened at $138.18 on Friday. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 14.51 and a beta of 0.69. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.38. The business has a 50-day simple moving average of $136.00 and a 200 day simple moving average of $133.80. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.02.

American Financial Group (NYSE:AFG) last issued 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 firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.02 billion. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $2.31 EPS. On average, research analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were issued a $2.00 dividend. The ex-dividend date of this dividend was Monday, November 17th. American Financial Group’s dividend payout ratio is presently 36.97%.

Insider Buying and Selling at American Financial Group

In other news, CFO Brian S. Hertzman sold 1,777 shares of the firm’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 sale, the chief financial officer owned 11,300 shares in the company, valued at approximately $1,610,363. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 17.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Financial Group Company Profile

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.