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

Hengehold Capital Management LLC reduced its position in American Financial Group, Inc. (NYSE:AFG) by 23.8% in the 4th quarter, according to its most recent filing with the 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’s holdings in American Financial Group were worth $6,125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in shares of American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares during the period. JPMorgan Chase & Co. grew its position in shares of American Financial Group by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after buying an additional 146,237 shares during the period. Geode Capital Management LLC increased its stake in shares of American Financial Group by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares during the last quarter. Bank of Montreal Can raised its position in shares of American Financial Group by 251.1% in the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock valued at $19,442,000 after acquiring an additional 105,764 shares during the period. Finally, State Street Corp boosted its stake in American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after acquiring an additional 104,172 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AFG shares. Piper Sandler lifted their price target 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. Keefe, Bruyette & Woods decreased their price objective on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, BMO Capital Markets raised their target price on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

American Financial Group Price Performance

Shares of NYSE AFG opened at $134.04 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The business has a 50-day moving average of $138.77 and a 200-day moving average of $134.12. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 12.56 and a beta of 0.83. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that American Financial Group, Inc. will post 10.74 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date is Tuesday, January 14th. 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.