Schroder Investment Management Group Reduces Stock Position in American Financial Group Inc (NYSE:AFG)

Schroder Investment Management Group lessened its stake in shares of American Financial Group Inc (NYSE:AFG) by 26.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 633,890 shares of the insurance provider’s stock after selling 224,868 shares during the quarter. Schroder Investment Management Group owned about 0.70% of American Financial Group worth $64,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vigilant Capital Management LLC purchased a new stake in shares of American Financial Group during the 2nd quarter valued at about $59,000. Altshuler Shaham Ltd purchased a new position in shares of American Financial Group in the second quarter worth approximately $90,000. FMR LLC boosted its holdings in shares of American Financial Group by 26.4% in 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 last quarter. Focused Wealth Management Inc purchased a new position in shares of American Financial Group in the second quarter worth approximately $113,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of American Financial Group in the second quarter worth approximately $216,000. 64.14% of the stock is currently owned by hedge funds and other institutional investors.

In other American Financial Group news, CEO S Craig Lindner sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $108.64, for a total transaction of $1,629,600.00. Also, insider John B. Berding sold 3,691 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $106.11, for a total transaction of $391,652.01. Following the sale, the insider now owns 41,026 shares in the company, valued at approximately $4,353,268.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 143,902 shares of company stock worth $15,055,456. 11.90% of the stock is owned by company insiders.



A number of equities analysts recently issued reports on the stock. Buckingham Research raised shares of American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Thursday, June 13th. ValuEngine raised shares of American Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Finally, Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price objective on the stock in a report on Wednesday, August 14th.

Shares of AFG traded up $0.47 on Wednesday, reaching $107.25. The company’s stock had a trading volume of 68,551 shares, compared to its average volume of 369,881. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $9.69 billion, a P/E ratio of 12.77, a PEG ratio of 2.02 and a beta of 0.84. The stock’s 50 day simple moving average is $102.86 and its two-hundred day simple moving average is $101.19. American Financial Group Inc has a 12-month low of $84.18 and a 12-month high of $113.04.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.11. American Financial Group had a net margin of 9.29% and a return on equity of 13.39%. The company had revenue of $1.20 billion for the quarter. During the same period in the previous year, the business posted $2.04 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Analysts expect that American Financial Group Inc will post 8.65 earnings per share for the current year.

American Financial Group Company 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.

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

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