Prudential Financial Inc. boosted its position in American Financial Group, Inc. (NYSE:AFG) by 20.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 950,796 shares of the insurance provider’s stock after buying an additional 161,661 shares during the period. Prudential Financial Inc. owned approximately 1.08% of American Financial Group worth $94,480,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AFG. Bank of Montreal Can boosted its stake in shares of 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 worth $10,811,000 after buying an additional 84,306 shares during the period. Morgan Stanley boosted its stake in shares of American Financial Group by 82.9% in the first quarter. Morgan Stanley now owns 227,007 shares of the insurance provider’s stock worth $21,662,000 after buying an additional 102,874 shares during the period. Mackenzie Financial Corp boosted its stake in shares of American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock worth $616,000 after buying an additional 30 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of 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 worth $998,000 after buying an additional 4,562 shares during the period. Finally, BlackRock Inc. boosted its stake in shares of American Financial Group by 10,325.5% in the first quarter. BlackRock Inc. now owns 5,915,732 shares of the insurance provider’s stock worth $564,476,000 after buying an additional 5,858,989 shares during the period. 62.86% of the stock is owned by hedge funds and other institutional investors.

American Financial Group, Inc. (AFG) opened at 102.39 on Friday. American Financial Group, Inc. has a 1-year low of $73.38 and a 1-year high of $105.58. The company’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 PE ratio of 11.54 and a beta of 0.83.

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

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A number of analysts have recently issued reports on AFG shares. Zacks Investment Research raised shares of 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. BidaskClub cut shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th.

In other news, insider Michelle A. Gillis sold 2,051 shares of American Financial Group stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $104.88, for a total transaction of $215,108.88. Following the completion of the transaction, the insider now owns 17,939 shares of the company’s stock, valued at approximately $1,881,442.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Carl H. Lindner III sold 95,405 shares of American Financial Group stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $98.68, for a total value of $9,414,565.40. The disclosure for this sale can be found here. Insiders have sold a total of 315,991 shares of company stock valued at $31,791,868 in the last ninety days. Corporate insiders own 14.90% of the company’s stock.

American Financial Group Company Profile

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

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