Principal Financial Group Inc. increased its position in shares of American Financial Group Inc. (NYSE:AFG) by 2.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 602,582 shares of the company’s stock after buying an additional 16,436 shares during the period. Principal Financial Group Inc. owned approximately 0.69% of American Financial Group worth $44,549,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AFG. IFP Advisors Inc increased its stake in American Financial Group by 97.3% in the first quarter. IFP Advisors Inc now owns 2,129 shares of the company’s stock worth $150,000 after buying an additional 1,050 shares during the last quarter. Checchi Capital Advisers LLC increased its stake in American Financial Group by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,028 shares of the company’s stock worth $150,000 after buying an additional 42 shares during the last quarter. Commerce Bank bought a new stake in American Financial Group during the second quarter worth $217,000. First Republic Investment Management Inc. bought a new stake in American Financial Group during the first quarter worth $228,000. Finally, Timber Hill LLC bought a new stake in American Financial Group during the second quarter worth $234,000. Institutional investors and hedge funds own 59.94% of the company’s stock.

Shares of American Financial Group Inc. (NYSE:AFG) traded up 0.6517% during mid-day trading on Monday, reaching $74.9654. The company’s stock had a trading volume of 34,245 shares. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 19.1629 and a beta of 0.79. The company’s 50-day moving average is $74.02 and its 200 day moving average is $71.67. American Financial Group Inc. has a 12 month low of $64.87 and a 12 month high of $75.80.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.01. American Financial Group had a net margin of 5.46% and a return on equity of 9.74%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $1.28 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities analysts anticipate that American Financial Group Inc. will post $5.70 EPS for the current year.

AFG has been the subject of a number of recent research reports. Sandler O’Neill upgraded American Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $74.00 to $81.00 in a report on Friday, August 12th. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, August 8th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of American Financial Group in a report on Thursday, June 30th.

In other American Financial Group news, CEO S Craig Lindner sold 75,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $72.13, for a total value of $5,409,750.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Vito C. Peraino sold 4,041 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $75.20, for a total transaction of $303,883.20. Following the completion of the transaction, the vice president now owns 63,768 shares in the company, valued at $4,795,353.60. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

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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