American Financial Group Inc (NYSE:AFG) Shares Sold by Seeyond

Seeyond lessened its holdings in shares of American Financial Group Inc (NYSE:AFG) by 11.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,261 shares of the insurance provider’s stock after selling 1,168 shares during the quarter. Seeyond’s holdings in American Financial Group were worth $949,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Vigilant Capital Management LLC purchased a new stake in shares of American Financial Group during the second quarter worth approximately $59,000. Altshuler Shaham Ltd purchased a new stake in shares of American Financial Group during the second quarter worth approximately $90,000. FMR LLC increased its stake in shares of American Financial Group by 26.4% during the first quarter. FMR LLC now owns 1,057 shares of the insurance provider’s stock worth $101,000 after buying an additional 221 shares during the period. Focused Wealth Management Inc purchased a new stake in shares of American Financial Group during the second quarter worth approximately $113,000. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of American Financial Group by 1,673.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,561 shares of the insurance provider’s stock worth $160,000 after buying an additional 1,473 shares during the period. 64.19% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group stock traded up $0.27 during mid-day trading on Friday, hitting $106.58. The company had a trading volume of 4,463 shares, compared to its average volume of 339,207. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 1.96 and a beta of 0.84. American Financial Group Inc has a 1 year low of $84.18 and a 1 year high of $114.65. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $101.62 and a 200 day moving average of $100.69.



American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The company had revenue of $1.20 billion for the quarter. American Financial Group had a net margin of 9.29% and a return on equity of 13.39%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.04 earnings per share. Equities analysts anticipate that American Financial Group Inc will post 8.65 earnings per share for the current year.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Buckingham Research upgraded shares of American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, June 13th. Finally, Zacks Investment Research upgraded shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price target on the stock in a research note on Wednesday, August 14th.

In other news, Director James E. Evans sold 2,365 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $101.27, for a total transaction of $239,503.55. Following the transaction, the director now directly owns 130,423 shares in the company, valued at $13,207,937.21. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William W. Verity sold 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $104.07, for a total transaction of $124,884.00. Following the transaction, the director now owns 6,678 shares in the company, valued at $694,979.46. The disclosure for this sale can be found here. Insiders sold 220,565 shares of company stock worth $22,926,258 over the last quarter. 11.90% of the stock is currently owned by insiders.

American Financial Group Profile

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. 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; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.

Further Reading: Sell-Side Analysts

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

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