American Financial Group, Inc. (NYSE:AFG) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,246 shares of the insurance provider’s stock after selling 175 shares during the quarter. Tredje AP fonden’s holdings in American Financial Group were worth $1,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Innealta Capital LLC acquired a new stake in shares of American Financial Group during the second quarter worth about $30,000. Headlands Technologies LLC purchased a new stake in American Financial Group in the second quarter valued at approximately $38,000. Covestor Ltd boosted its holdings in shares of American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 346 shares during the period. Blue Trust Inc. grew its position in shares of American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 133 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 523 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $144.00 to $137.00 in a research note on Friday, June 28th.

Insider Activity at American Financial Group

In other American Financial Group news, Director Amy Y. Murray bought 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The stock was bought at an average price of $125.17 per share, with a total value of $150,204.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at $150,204. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 14.50% of the company’s stock.

American Financial Group Trading Down 0.7 %

Shares of AFG stock opened at $135.62 on Friday. The company has a market capitalization of $11.37 billion, a P/E ratio of 12.98 and a beta of 0.78. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $130.23 and its two-hundred day moving average is $129.16. American Financial Group, Inc. has a twelve month low of $105.22 and a twelve month high of $137.95.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.11. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. American Financial Group’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.38 EPS. Equities analysts forecast that American Financial Group, Inc. will post 10.96 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were paid a $0.71 dividend. The ex-dividend date was Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.09%. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

American Financial Group Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.