WBI Investments Inc. trimmed its holdings in American Financial Group Inc (NYSE:AFG) by 65.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,821 shares of the insurance provider’s stock after selling 102,539 shares during the period. WBI Investments Inc. owned about 0.06% of American Financial Group worth $5,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Westpac Banking Corp raised its holdings in American Financial Group by 10.6% during the first quarter. Westpac Banking Corp now owns 7,403 shares of the insurance provider’s stock worth $831,000 after purchasing an additional 709 shares in the last quarter. SG Americas Securities LLC raised its holdings in American Financial Group by 3.2% during the first quarter. SG Americas Securities LLC now owns 15,733 shares of the insurance provider’s stock worth $1,766,000 after purchasing an additional 486 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in American Financial Group by 30.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 40,258 shares of the insurance provider’s stock worth $4,563,000 after purchasing an additional 9,492 shares in the last quarter. Mackay Shields LLC acquired a new stake in American Financial Group during the first quarter worth approximately $7,323,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in American Financial Group by 159.6% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,433 shares of the insurance provider’s stock worth $3,527,000 after purchasing an additional 19,325 shares in the last quarter. 62.00% of the stock is owned by institutional investors.

In related news, insider John B. Berding sold 17,721 shares of American Financial Group stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $112.45, for a total value of $1,992,726.45. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James E. Evans sold 3,132 shares of the business’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $112.43, for a total transaction of $352,130.76. Following the sale, the director now owns 138,192 shares in the company, valued at $15,536,926.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 265,638 shares of company stock worth $29,698,077. 14.90% of the stock is currently owned by insiders.

A number of brokerages have recently commented on AFG. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Tuesday, July 3rd. Raymond James cut shares of American Financial Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $120.33.

Shares of American Financial Group stock traded up $1.79 during trading on Friday, reaching $113.01. The company’s stock had a trading volume of 310,641 shares, compared to its average volume of 241,918. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.04 and a beta of 0.77. American Financial Group Inc has a fifty-two week low of $98.71 and a fifty-two week high of $121.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.15 and a quick ratio of 0.15.

American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, August 1st. The insurance provider reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.08. American Financial Group had a net margin of 7.50% and a return on equity of 13.27%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company posted $1.61 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. analysts anticipate that American Financial Group Inc will post 8.53 earnings per share for the current year.

American Financial Group Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. 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 coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; 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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