Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in American Financial Group, Inc. (NYSE:AFG) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,744 shares of the insurance provider’s stock after acquiring an additional 67 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Financial Group were worth $1,068,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFG. Russell Investments Group Ltd. grew its position in American Financial Group by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 104,148 shares of the insurance provider’s stock valued at $9,941,000 after acquiring an additional 15,811 shares in the last quarter. Wells Fargo & Company MN grew its position in American Financial Group by 114.4% in the 1st quarter. Wells Fargo & Company MN now owns 290,597 shares of the insurance provider’s stock valued at $27,728,000 after acquiring an additional 155,085 shares in the last quarter. Great West Life Assurance Co. Can grew its position in American Financial Group by 9.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 44,573 shares of the insurance provider’s stock valued at $4,251,000 after acquiring an additional 3,986 shares in the last quarter. American Century Companies Inc. acquired a new position in American Financial Group in the 1st quarter valued at about $4,694,000. Finally, Capital Fund Management S.A. acquired a new position in American Financial Group in the 1st quarter valued at about $468,000. 62.66% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on AFG shares. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research note on Thursday, September 7th. BidaskClub cut American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $98.33.
American Financial Group, Inc. (NYSE AFG) opened at 100.04 on Tuesday. The stock has a market cap of $8.81 billion, a PE ratio of 11.27 and a beta of 0.84. American Financial Group, Inc. has a 52 week low of $73.38 and a 52 week high of $105.58. The stock has a 50 day moving average price of $102.09 and a 200 day moving average price of $98.66.
American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.31. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm earned $1.28 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts predict that American Financial Group, Inc. will post $6.77 earnings per share for the current year.
In other news, CEO S Craig Lindner sold 25,000 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $104.27, for a total value of $2,606,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michelle A. Gillis sold 2,051 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total value of $215,108.88. Following the completion of the sale, the insider now owns 17,939 shares of the company’s stock, valued at approximately $1,881,442.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,320 shares of company stock valued at $14,690,115. Insiders own 13.70% of the company’s stock.
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American Financial Group Company Profile
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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