Acrospire Investment Management LLC Increases Position in American Financial Group, Inc. (AFG)

Acrospire Investment Management LLC boosted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 153.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,321 shares of the insurance provider’s stock after buying an additional 800 shares during the period. Acrospire Investment Management LLC’s holdings in American Financial Group were worth $131,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in American Financial Group by 7.1% during the first quarter. Vanguard Group Inc. now owns 6,517,519 shares of the insurance provider’s stock valued at $621,902,000 after buying an additional 431,262 shares during the last quarter. BlackRock Inc. lifted its stake in shares of American Financial Group by 9.7% in the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock valued at $644,783,000 after purchasing an additional 572,969 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of American Financial Group by 1.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,135,790 shares of the insurance provider’s stock valued at $212,234,000 after purchasing an additional 37,752 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of American Financial Group by 0.6% in the 1st quarter. AQR Capital Management LLC now owns 1,334,072 shares of the insurance provider’s stock valued at $127,297,000 after purchasing an additional 7,997 shares during the last quarter. Finally, Investec Asset Management LTD lifted its stake in shares of American Financial Group by 6.5% in the 1st quarter. Investec Asset Management LTD now owns 1,160,823 shares of the insurance provider’s stock valued at $110,766,000 after purchasing an additional 70,548 shares during the last quarter. 62.33% of the stock is owned by institutional investors.

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American Financial Group, Inc. (AFG) traded up 0.16% during midday trading on Tuesday, hitting $101.62. The stock had a trading volume of 31,506 shares. The firm has a 50-day moving average of $101.88 and a 200-day moving average of $98.87. American Financial Group, Inc. has a 12-month low of $73.38 and a 12-month high of $105.58. The company has a market cap of $8.94 billion, a PE ratio of 11.45 and a beta of 0.84.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.31. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. Equities research analysts forecast that American Financial Group, Inc. will post $6.73 EPS for the current year.

AFG has been the subject of several analyst reports. BidaskClub lowered American Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $99.33.

In other news, CEO S Craig Lindner sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $104.27, for a total transaction of $2,606,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $104.88, for a total value of $215,108.88. Following the transaction, the insider now owns 17,939 shares in the company, valued at $1,881,442.32. The disclosure for this sale can be found here. Insiders own 13.70% 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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