Principal Financial Group Inc. lifted its position in American Financial Group, Inc. (NYSE:AFG) by 7.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 620,201 shares of the insurance provider’s stock after purchasing an additional 45,232 shares during the period. Principal Financial Group Inc. owned about 0.71% of American Financial Group worth $61,629,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AFG. BlackRock Inc. grew its holdings 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 purchasing an additional 5,858,989 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of American Financial Group by 7.1% in the first quarter. Vanguard Group Inc. now owns 6,517,519 shares of the insurance provider’s stock worth $621,902,000 after purchasing an additional 431,262 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of American Financial Group in the second quarter worth approximately $20,516,000. Prudential Financial Inc. grew its holdings in shares of American Financial Group by 20.5% in the second quarter. Prudential Financial Inc. now owns 950,796 shares of the insurance provider’s stock worth $94,480,000 after purchasing an additional 161,661 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of American Financial Group by 114.4% in the first quarter. Wells Fargo & Company MN now owns 290,597 shares of the insurance provider’s stock worth $27,728,000 after purchasing an additional 155,085 shares during the last quarter. Hedge funds and other institutional investors own 62.66% of the company’s stock.

American Financial Group, Inc. (NYSE:AFG) opened at 102.28 on Monday. American Financial Group, Inc. has a one year low of $73.38 and a one year high of $105.58. The company has a market cap of $9.00 billion, a PE ratio of 11.53 and a beta of 0.84. The stock has a 50 day moving average of $102.32 and a 200 day moving average of $98.46.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the firm posted $1.28 EPS. American Financial Group’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, analysts anticipate that American Financial Group, Inc. will post $6.80 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on AFG. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a report on Friday, July 7th. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a report on Monday, May 8th.

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In related news, CEO Carl H. Lindner III sold 8,263 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $98.61, for a total transaction of $814,814.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO S Craig Lindner sold 25,000 shares of the stock in a transaction on 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. Insiders have sold a total of 246,988 shares of company stock worth $24,919,495 in the last 90 days. 13.70% of the stock is currently owned by insiders.

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.

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

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