Investec Asset Management LTD lowered its holdings in American Financial Group, Inc. (NYSE:AFG) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,152,894 shares of the insurance provider’s stock after selling 7,929 shares during the quarter. Investec Asset Management LTD owned 1.32% of American Financial Group worth $114,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of AFG. BlackRock Inc. increased its stake in 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 valued at $564,476,000 after acquiring an additional 5,858,989 shares during the period. Vanguard Group Inc. increased its stake in 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 valued at $621,902,000 after acquiring an additional 431,262 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in American Financial Group in the second quarter valued at about $20,516,000. Prudential Financial Inc. increased its stake in American Financial Group by 20.5% in the second quarter. Prudential Financial Inc. now owns 950,796 shares of the insurance provider’s stock valued at $94,480,000 after acquiring an additional 161,661 shares during the period. Finally, Swiss National Bank increased its stake in American Financial Group by 136.3% in the second quarter. Swiss National Bank now owns 271,300 shares of the insurance provider’s stock valued at $26,959,000 after acquiring an additional 156,500 shares during the period. 62.66% of the stock is currently owned by institutional investors and hedge funds.

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In related news, CEO Carl H. Lindner III sold 47,124 shares of American Financial Group stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $102.22, for a total transaction of $4,817,015.28. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Carl H. Lindner III sold 56,353 shares of American Financial Group stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $102.17, for a total transaction of $5,757,586.01. The disclosure for this sale can be found here. Insiders have sold a total of 130,528 shares of company stock worth $13,396,460 over the last ninety days. 14.90% of the stock is currently owned by insiders.

American Financial Group, Inc. (NYSE:AFG) traded up 1.95% during mid-day trading on Friday, reaching $100.70. 1,480,045 shares of the company were exchanged. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 11.35 and a beta of 0.84. American Financial Group, Inc. has a 12-month low of $73.38 and a 12-month high of $105.58. The company’s 50 day moving average price is $101.87 and its 200-day moving average price is $98.77.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.30 by $0.31. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period last year, the firm earned $1.28 EPS. On average, equities research analysts forecast that American Financial Group, Inc. will post $6.73 earnings per share for the current fiscal year.

A number of research firms recently weighed in on AFG. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Monday, August 7th. BidaskClub raised shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $99.33.

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

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