American Financial Group, Inc. (AFG) Shares Sold by Nationwide Fund Advisors

Nationwide Fund Advisors trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 23.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 259,060 shares of the insurance provider’s stock after selling 77,434 shares during the period. Nationwide Fund Advisors owned 0.30% of American Financial Group worth $25,743,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in American Financial Group by 7.1% during the 1st quarter. Vanguard Group Inc. now owns 6,517,519 shares of the insurance provider’s stock worth $621,902,000 after purchasing an additional 431,262 shares in the last quarter. BlackRock Inc. grew its position in American Financial Group by 10,325.5% during the 1st quarter. BlackRock Inc. now owns 5,915,732 shares of the insurance provider’s stock worth $564,476,000 after purchasing an additional 5,858,989 shares in the last quarter. Victory Capital Management Inc. grew its position in American Financial Group by 1.8% during the 2nd quarter. Victory Capital Management Inc. now owns 2,135,790 shares of the insurance provider’s stock worth $212,234,000 after purchasing an additional 37,752 shares in the last quarter. AQR Capital Management LLC grew its position in American Financial Group by 0.6% during the 1st quarter. AQR Capital Management LLC now owns 1,334,072 shares of the insurance provider’s stock worth $127,297,000 after purchasing an additional 7,997 shares in the last quarter. Finally, Investec Asset Management LTD grew its position in American Financial Group by 6.5% during the 1st quarter. Investec Asset Management LTD now owns 1,160,823 shares of the insurance provider’s stock worth $110,766,000 after purchasing an additional 70,548 shares in the last quarter. Hedge funds and other institutional investors own 62.66% of the company’s stock.

American Financial Group, Inc. (NYSE:AFG) opened at 100.70 on Friday. The stock has a market capitalization of $8.86 billion, a PE ratio of 11.35 and a beta of 0.84. American Financial Group, Inc. has a 12-month low of $73.38 and a 12-month high of $105.58. The stock’s 50 day moving average is $101.87 and its 200 day moving average is $98.77.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.31. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the business posted $1.28 earnings per share. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts forecast that American Financial Group, Inc. will post $6.73 EPS for the current year.

In other news, insider Michelle A. Gillis sold 2,051 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total transaction of $215,108.88. Following the completion of the sale, the insider now owns 17,939 shares of the company’s stock, valued at $1,881,442.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl H. Lindner III sold 47,124 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $102.22, for a total transaction of $4,817,015.28. The disclosure for this sale can be found here. Insiders have sold 130,528 shares of company stock valued at $13,396,460 in the last three months. 14.90% of the stock is owned by insiders.

Several research firms have weighed in on AFG. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Thursday. Buckingham Research began coverage on shares of American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 price objective on the stock. Finally, BidaskClub cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $99.33.

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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.

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

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