RMB Capital Management LLC grew its stake in shares of American Financial Group Inc (NYSE:AFG) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 129,945 shares of the insurance provider’s stock after acquiring an additional 1,529 shares during the period. RMB Capital Management LLC owned about 0.14% of American Financial Group worth $13,315,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vigilant Capital Management LLC bought a new position in shares of American Financial Group in the second quarter worth about $59,000. Altshuler Shaham Ltd bought a new position in shares of American Financial Group in the second quarter worth about $90,000. FMR LLC raised its stake 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 acquiring an additional 221 shares during the last quarter. Focused Wealth Management Inc bought a new position in shares of American Financial Group in the second quarter worth about $113,000. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of American Financial Group by 1,673.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 1,561 shares of the insurance provider’s stock worth $160,000 after acquiring an additional 1,473 shares during the last quarter. Institutional investors own 64.19% of the company’s stock.

A number of brokerages have weighed in on AFG. ValuEngine raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Buckingham Research raised shares of American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, June 13th. Finally, Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 target price for the company in a research note on Wednesday, August 14th.

Shares of NYSE:AFG traded up $0.48 during trading on Friday, hitting $106.79. 7,854 shares of the company’s stock were exchanged, compared to its average volume of 339,207. American Financial Group Inc has a 1-year low of $84.18 and a 1-year high of $114.65. The firm has a 50-day moving average price of $101.62 and a two-hundred day moving average price of $100.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.23. The firm has a market cap of $9.37 billion, a P/E ratio of 12.70, a PEG ratio of 1.96 and a beta of 0.84.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.12 EPS for the quarter, topping the consensus estimate 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 during the quarter. During the same quarter in the prior year, the firm earned $2.04 EPS. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that American Financial Group Inc will post 8.65 EPS for the current year.

In related news, CEO Carl H. Lindner III sold 117,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $104.11, for a total transaction of $12,180,870.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carl H. Lindner III sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $103.81, for a total transaction of $10,381,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 220,565 shares of company stock valued at $22,926,258. Corporate insiders own 11.90% of the company’s stock.

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.

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

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