Andra AP fonden acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 40,000 shares of the insurance provider’s stock, valued at approximately $3,975,000.

Other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in American Financial Group during the first quarter valued at about $154,000. Bessemer Group Inc. bought a new position in American Financial Group during the second quarter valued at about $155,000. Smith Moore & CO. bought a new position in American Financial Group during the first quarter valued at about $202,000. Gilbert & Cook Inc. bought a new position in American Financial Group during the second quarter valued at about $220,000. Finally, Public Employees Retirement Association of Colorado raised its position in American Financial Group by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after buying an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 62.66% of the company’s stock.

American Financial Group, Inc. (AFG) opened at 101.60 on Thursday. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 11.45 and a beta of 0.83. American Financial Group, Inc. has a 52-week low of $73.38 and a 52-week high of $105.58. The company’s 50-day moving average price is $102.13 and its 200 day moving average price is $98.08.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.31. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 earnings per share. On average, equities analysts expect that American Financial Group, Inc. will post $6.80 EPS for the current fiscal year.

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Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Monday, August 7th. BidaskClub upgraded American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th.

In other American Financial Group news, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 17,939 shares in the company, valued at $1,881,442.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Verity sold 1,773 shares of the business’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $99.26, for a total transaction of $175,987.98. Following the completion of the transaction, the director now owns 5,135 shares of the company’s stock, valued at approximately $509,700.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 314,932 shares of company stock valued at $31,686,804. Insiders own 14.90% of the company’s stock.

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

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