Numeric Investors LLC bought a new position in American Financial Group, Inc. (NYSE:AFG) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 6,900 shares of the insurance provider’s stock, valued at approximately $686,000.

Several other institutional investors also recently made changes to their positions in the company. Brandywine Global Investment Management LLC boosted its holdings in shares of American Financial Group by 2.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 172,849 shares of the insurance provider’s stock worth $17,177,000 after purchasing an additional 3,418 shares during the period. Virtu KCG Holdings LLC boosted its holdings in shares of American Financial Group by 39.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,868 shares of the insurance provider’s stock worth $384,000 after purchasing an additional 1,097 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of American Financial Group by 1,764.0% in the 2nd quarter. Renaissance Technologies LLC now owns 165,900 shares of the insurance provider’s stock worth $16,485,000 after purchasing an additional 157,000 shares during the period. TLP Group LLC purchased a new position in shares of American Financial Group in the 2nd quarter worth approximately $194,000. Finally, Advisor Group Inc. boosted its holdings in shares of American Financial Group by 474.7% in the 2nd quarter. Advisor Group Inc. now owns 5,758 shares of the insurance provider’s stock worth $572,000 after purchasing an additional 4,756 shares during the period. Hedge funds and other institutional investors own 62.32% of the company’s stock.

AFG has been the subject of a number of recent research reports. Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. BidaskClub cut American Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Finally, Buckingham Research began coverage on American Financial Group in a report on Monday, September 11th. They set a “neutral” rating and a $103.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $100.67.

In other American Financial Group news, insider Michelle A. Gillis sold 2,051 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total value of $215,108.88. Following the sale, the insider now owns 17,939 shares in the company, valued at $1,881,442.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO S Craig Lindner sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total transaction of $2,606,750.00. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

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American Financial Group, Inc. (NYSE:AFG) opened at 104.50 on Friday. American Financial Group, Inc. has a 12-month low of $73.38 and a 12-month high of $106.44. The company’s 50-day moving average price is $102.12 and its 200-day moving average price is $99.94. The stock has a market cap of $9.20 billion, a PE ratio of 11.78 and a beta of 0.84.

American Financial Group (NYSE:AFG) last announced its quarterly 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. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $1.28 earnings per share. American Financial Group’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts expect that American Financial Group, Inc. will post $6.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, October 13th will be paid a $0.35 dividend. The ex-dividend date is Thursday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.34%. This is a positive change from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s dividend payout ratio (DPR) is presently 14.06%.

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.

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

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