WINTON GROUP Ltd Sells 55,450 Shares of American Financial Group Inc (AFG)
WINTON GROUP Ltd lowered its position in American Financial Group Inc (NYSE:AFG) by 78.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,502 shares of the insurance provider’s stock after selling 55,450 shares during the period. WINTON GROUP Ltd’s holdings in American Financial Group were worth $1,664,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. BerganKDV Wealth Management LLC purchased a new stake in shares of American Financial Group in the second quarter worth approximately $110,000. Cerebellum GP LLC raised its stake in shares of American Financial Group by 62.3% in the second quarter. Cerebellum GP LLC now owns 1,660 shares of the insurance provider’s stock worth $178,000 after purchasing an additional 637 shares during the last quarter. KCM Investment Advisors LLC purchased a new stake in shares of American Financial Group in the second quarter worth approximately $212,000. Janney Montgomery Scott LLC purchased a new stake in shares of American Financial Group in the second quarter worth approximately $225,000. Finally, IFM Investors Pty Ltd purchased a new stake in shares of American Financial Group in the second quarter worth approximately $228,000. Institutional investors and hedge funds own 61.90% of the company’s stock.
Shares of American Financial Group stock opened at $111.44 on Wednesday. The company has a market capitalization of $9.98 billion, a PE ratio of 14.51, a P/E/G ratio of 1.06 and a beta of 0.77. American Financial Group Inc has a 52 week low of $101.01 and a 52 week high of $121.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.15 and a quick ratio of 0.15.
Several analysts have recently commented on the company. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a research note on Tuesday, July 3rd. Raymond James downgraded American Financial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 12th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. American Financial Group currently has an average rating of “Buy” and a consensus price target of $120.33.
In related news, Director James E. Evans sold 3,132 shares of the stock in a transaction that occurred on Friday, August 3rd. The stock was sold at an average price of $112.43, for a total transaction of $352,130.76. Following the completion of the sale, the director now directly owns 138,192 shares of the company’s stock, valued at $15,536,926.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO S Craig Lindner sold 26,000 shares of the stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $112.56, for a total value of $2,926,560.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 446,638 shares of company stock valued at $50,239,767. Company insiders own 13.70% of the company’s stock.
About American Financial Group
American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. 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 coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; 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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