UBS Asset Management Americas Inc. Has $19.19 Million Stake in American Financial Group, Inc. (AFG)
UBS Asset Management Americas Inc. increased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 279.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 193,108 shares of the insurance provider’s stock after buying an additional 142,176 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.22% of American Financial Group worth $19,189,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC lifted its holdings in American Financial Group by 153.6% in the second quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 800 shares during the last quarter. Quantbot Technologies LP purchased a new position in American Financial Group in the first quarter worth approximately $154,000. Bessemer Group Inc. purchased a new position in American Financial Group in the second quarter worth approximately $155,000. Gilbert & Cook Inc. purchased a new position in American Financial Group in the second quarter worth approximately $220,000. Finally, Public Employees Retirement Association of Colorado grew 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 worth $220,000 after acquiring an additional 42 shares during the period. 62.33% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on AFG shares. Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub lowered American Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Buckingham Research started coverage on American Financial Group in a research note on Monday, September 11th. They issued a “neutral” rating and a $103.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $100.33.
American Financial Group, Inc. (NYSE:AFG) opened at 103.45 on Monday. American Financial Group, Inc. has a 52 week low of $73.38 and a 52 week high of $105.58. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 11.66 and a beta of 0.84. The firm’s 50-day moving average is $101.90 and its 200 day moving average is $98.92.
American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.61 EPS for the quarter, beating the Zacks’ 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 return on equity of 11.66% and a net margin of 11.89%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 earnings per share. On average, equities research analysts expect that American Financial Group, Inc. will post $6.77 EPS for the current year.
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In other news, CEO S Craig Lindner sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total transaction of $2,606,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michelle A. Gillis sold 2,051 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total transaction of $215,108.88. Following the transaction, the insider now directly owns 17,939 shares of the company’s stock, valued at approximately $1,881,442.32. The disclosure for this sale can be found here. Corporate insiders own 13.70% of the company’s stock.
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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