American Financial Group Inc (AFG) Shares Bought by Vident Investment Advisory LLC

Vident Investment Advisory LLC raised its holdings in shares of American Financial Group Inc (NYSE:AFG) by 9.6% in the fourth quarter, HoldingsChannel reports. The firm owned 29,604 shares of the insurance provider’s stock after purchasing an additional 2,593 shares during the period. Vident Investment Advisory LLC’s holdings in American Financial Group were worth $3,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AFG. State of Wisconsin Investment Board increased its stake in shares of American Financial Group by 7.6% during the third quarter. State of Wisconsin Investment Board now owns 66,890 shares of the insurance provider’s stock valued at $6,920,000 after purchasing an additional 4,698 shares in the last quarter. Swiss National Bank increased its stake in shares of American Financial Group by 1.2% during the third quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock valued at $28,397,000 after purchasing an additional 3,200 shares in the last quarter. Candriam Luxembourg S.C.A. bought a new position in shares of American Financial Group during the third quarter valued at approximately $1,341,000. Toronto Dominion Bank increased its stake in shares of American Financial Group by 243.8% during the third quarter. Toronto Dominion Bank now owns 3,146 shares of the insurance provider’s stock valued at $325,000 after purchasing an additional 2,231 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of American Financial Group by 5.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 30,766 shares of the insurance provider’s stock valued at $3,252,000 after purchasing an additional 1,688 shares in the last quarter. 62.32% of the stock is owned by institutional investors and hedge funds.

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Shares of American Financial Group Inc (AFG) opened at $113.04 on Friday. The firm has a market cap of $9,995.68, a P/E ratio of 21.33, a P/E/G ratio of 1.14 and a beta of 0.80. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.24. American Financial Group Inc has a 1 year low of $92.45 and a 1 year high of $121.69.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.67 by $0.53. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Financial Group had a net margin of 6.92% and a return on equity of 11.09%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.98 earnings per share. research analysts forecast that American Financial Group Inc will post 8.2 EPS for the current fiscal year.

In other news, Director Gregory G. Joseph purchased 500 shares of American Financial Group stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $113.50 per share, with a total value of $56,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Vito C. Peraino sold 51,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $113.86, for a total transaction of $5,806,860.00. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.

A number of brokerages have weighed in on AFG. ValuEngine raised shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America raised their target price on shares of American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research note on Thursday, January 18th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $119.00 target price on shares of American Financial Group in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $116.75.

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About American Financial Group

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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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