American Financial Group, Inc. (AFG) Stake Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its holdings in American Financial Group, Inc. (NYSE:AFG) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 75,176 shares of the insurance provider’s stock after purchasing an additional 1,459 shares during the period. Mutual of America Capital Management LLC owned approximately 0.09% of American Financial Group worth $7,470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of American Financial Group by 7.1% in the 1st quarter. Vanguard Group Inc. now owns 6,517,519 shares of the insurance provider’s stock valued at $621,902,000 after purchasing an additional 431,262 shares during the last quarter. BlackRock Inc. increased 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. increased 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 increased 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 increased 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. Institutional investors own 62.33% of the company’s stock.

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In related news, insider Michelle A. Gillis sold 2,051 shares of the stock in a transaction 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 of the company’s stock, valued at $1,881,442.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO S Craig Lindner sold 25,000 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total value of $2,606,750.00. The disclosure for this sale can be found here. 13.70% of the stock is owned by corporate insiders.

Several equities analysts have recently issued reports on AFG shares. BidaskClub upgraded American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. 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 company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $99.33.

American Financial Group, Inc. (NYSE:AFG) traded up 0.23% during midday trading on Tuesday, hitting $101.69. The company had a trading volume of 45,507 shares. American Financial Group, Inc. has a 52 week low of $73.38 and a 52 week high of $105.58. The firm has a market capitalization of $8.95 billion, a P/E ratio of 11.46 and a beta of 0.84. The firm’s 50 day moving average is $101.88 and its 200-day moving average is $98.87.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.31. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.28 earnings per share. On average, equities research analysts expect that American Financial Group, Inc. will post $6.73 EPS for the current fiscal year.

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.

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

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