Skandinaviska Enskilda Banken AB publ Trims Holdings in American Financial Group Inc (NYSE:AFG)

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Skandinaviska Enskilda Banken AB publ trimmed its stake in American Financial Group Inc (NYSE:AFG) by 8.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,300 shares of the insurance provider’s stock after selling 300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in American Financial Group were worth $338,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of American Financial Group by 19.5% in the fourth quarter. Geode Capital Management LLC now owns 839,208 shares of the insurance provider’s stock worth $75,925,000 after purchasing an additional 136,789 shares during the last quarter. Quadrant Capital Group LLC boosted its position in American Financial Group by 3,170.6% during the 1st quarter. Quadrant Capital Group LLC now owns 556 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 539 shares in the last quarter. Texas Permanent School Fund boosted its position in American Financial Group by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 47,907 shares of the insurance provider’s stock valued at $4,609,000 after acquiring an additional 1,766 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in American Financial Group by 8.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 7,359 shares of the insurance provider’s stock valued at $708,000 after acquiring an additional 600 shares in the last quarter. Finally, Stevens Capital Management LP boosted its position in American Financial Group by 39.1% during the 1st quarter. Stevens Capital Management LP now owns 44,266 shares of the insurance provider’s stock valued at $4,259,000 after acquiring an additional 12,452 shares in the last quarter. 62.61% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group stock traded down $0.03 during trading hours on Friday, hitting $103.80. 324,542 shares of the stock traded hands, compared to its average volume of 327,215. The firm’s 50-day moving average price is $101.60 and its two-hundred day moving average price is $100.56. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.23. The company has a market cap of $9.34 billion, a PE ratio of 12.36, a PEG ratio of 1.95 and a beta of 0.84. American Financial Group Inc has a one year low of $84.18 and a one year high of $114.65.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The business had revenue of $1.20 billion for the quarter. American Financial Group had a return on equity of 13.39% and a net margin of 9.29%. The business’s revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.04 earnings per share. On average, sell-side analysts expect that American Financial Group Inc will post 8.65 earnings per share for the current fiscal year.

In other news, CEO Carl H. Lindner III sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $103.81, for a total value of $10,381,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James E. Evans sold 2,365 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $101.27, for a total value of $239,503.55. Following the completion of the sale, the director now directly owns 130,423 shares in the company, valued at $13,207,937.21. The disclosure for this sale can be found here. Over the last three months, insiders sold 123,565 shares of company stock worth $12,825,188. Insiders own 11.90% of the company’s stock.

Several analysts have weighed in on AFG shares. Buckingham Research raised American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Thursday, June 13th. Zacks Investment Research raised American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price objective on the stock in a research report on Wednesday, August 14th. Finally, ValuEngine raised American Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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

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