American Financial Group, Inc. (NYSE:AFG) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Monday, May 8th.

Shares of American Financial Group (AFG) opened at 102.39 on Friday. American Financial Group has a 12 month low of $73.38 and a 12 month high of $105.58. The firm’s 50 day moving average is $102.13 and its 200 day moving average is $98.08. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 11.54 and a beta of 0.83.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.31. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that American Financial Group will post $6.80 earnings per share for the current fiscal year.

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In other American Financial Group news, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $104.88, for a total value of $215,108.88. Following the completion of the transaction, the insider now directly owns 17,939 shares of the company’s stock, valued at $1,881,442.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO S Craig Lindner sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total value of $2,606,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 315,991 shares of company stock valued at $31,791,868. Insiders own 14.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its position in American Financial Group by 344.2% in the second quarter. Bank of Montreal Can now owns 108,798 shares of the insurance provider’s stock valued at $10,811,000 after buying an additional 84,306 shares in the last quarter. Morgan Stanley boosted its position in American Financial Group by 82.9% in the first quarter. Morgan Stanley now owns 227,007 shares of the insurance provider’s stock valued at $21,662,000 after buying an additional 102,874 shares in the last quarter. BTIM Corp. boosted its position in American Financial Group by 3.1% in the first quarter. BTIM Corp. now owns 105,104 shares of the insurance provider’s stock valued at $10,029,000 after buying an additional 3,198 shares in the last quarter. Mackenzie Financial Corp boosted its position in American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock valued at $616,000 after buying an additional 30 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in American Financial Group by 83.3% in the second quarter. Teacher Retirement System of Texas now owns 10,039 shares of the insurance provider’s stock valued at $998,000 after buying an additional 4,562 shares in the last quarter. 62.86% of the stock is owned by institutional investors.

About American Financial Group

American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.

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