Sei Investments Co. Increases Position in American Financial Group, Inc. (NYSE:AFG)

Sei Investments Co. lifted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 1.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,763 shares of the insurance provider’s stock after buying an additional 235 shares during the period. Sei Investments Co.’s holdings in American Financial Group were worth $2,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of American Financial Group during the second quarter valued at approximately $570,000. PNC Financial Services Group Inc. lifted its stake in shares of American Financial Group by 0.9% during the second quarter. PNC Financial Services Group Inc. now owns 14,901 shares of the insurance provider’s stock valued at $1,858,000 after buying an additional 132 shares during the period. Swiss National Bank lifted its stake in shares of American Financial Group by 5.7% during the second quarter. Swiss National Bank now owns 299,881 shares of the insurance provider’s stock valued at $37,401,000 after buying an additional 16,053 shares during the period. Horan Securities Inc. lifted its stake in shares of American Financial Group by 11.1% during the second quarter. Horan Securities Inc. now owns 1,888 shares of the insurance provider’s stock valued at $236,000 after buying an additional 189 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of American Financial Group during the second quarter valued at approximately $271,000. 65.98% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on AFG. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “strong-buy” rating and set a $152.00 price target on the stock in a research note on Monday, August 9th. Wolfe Research began coverage on shares of American Financial Group in a research note on Monday, August 16th. They set an “outperform” rating and a $145.00 price target on the stock. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American Financial Group presently has an average rating of “Buy” and an average price target of $125.40.

In other news, insider John B. Berding sold 15,000 shares of the stock in a transaction on Monday, August 30th. The shares were sold at an average price of $137.05, for a total value of $2,055,750.00. Following the completion of the sale, the insider now owns 38,380 shares of the company’s stock, valued at $5,259,979. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian S. Hertzman sold 3,107 shares of the firm’s stock in a transaction on Monday, August 9th. The shares were sold at an average price of $133.08, for a total transaction of $413,479.56. Following the sale, the chief financial officer now directly owns 8,976 shares of the company’s stock, valued at $1,194,526.08. The disclosure for this sale can be found here. Insiders sold 30,732 shares of company stock valued at $4,142,130 in the last three months. Company insiders own 14.00% of the company’s stock.

NYSE:AFG opened at $133.06 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 1.25. The company has a market cap of $11.28 billion, a P/E ratio of 5.05 and a beta of 0.97. American Financial Group, Inc. has a fifty-two week low of $62.30 and a fifty-two week high of $141.25. The firm’s 50 day moving average is $131.43 and its two-hundred day moving average is $125.48.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Monday, August 2nd. The insurance provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.72. American Financial Group had a net margin of 29.48% and a return on equity of 14.12%. The company had revenue of $1.43 billion during the quarter. Research analysts forecast that American Financial Group, Inc. will post 9.18 earnings per share for the current fiscal year.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, October 5th. Stockholders of record on Tuesday, September 28th will be given a $4.00 dividend. The ex-dividend date is Monday, September 27th. American Financial Group’s payout ratio is currently 23.70%.

American Financial Group Company Profile

American Financial Group, Inc is an insurance holding company. It engages in property and casualty insurance, focusing on commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. The company was founded by Carl Henry Lindner Jr.

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

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