Hengehold Capital Management LLC Has $6.13 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Hengehold Capital Management LLC lowered its position in shares of American Financial Group, Inc. (NYSE:AFG) by 23.8% during the fourth quarter, according to its most recent Form 13F 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 quarter. Hengehold Capital Management LLC owned 0.05% of American Financial Group worth $6,125,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AFG. Crossmark Global Holdings Inc. boosted its position in shares of American Financial Group by 1.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider’s stock worth $794,000 after buying an additional 81 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of American Financial Group by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock valued at $291,000 after purchasing an additional 83 shares during the period. Sei Investments Co. lifted its position in shares of American Financial Group by 0.3% in the second quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after purchasing an additional 86 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of American Financial Group by 3.5% during the third quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock worth $458,000 after purchasing an additional 116 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of American Financial Group by 6.3% during the third quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Down 0.1 %

American Financial Group stock opened at $134.04 on Friday. The firm has a market cap of $11.25 billion, a price-to-earnings ratio of 12.56 and a beta of 0.83. The firm has a fifty day moving average price of $138.77 and a two-hundred day moving average price of $134.12. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the business earned $2.45 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, analysts forecast 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 paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group’s payout ratio is presently 29.99%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AFG shares. Piper Sandler increased their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets increased their price objective on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods lowered their price target on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research note 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.