APG Asset Management N.V. Sells 11,438 Shares of American Financial Group, Inc. (NYSE:AFG)

APG Asset Management N.V. reduced its position in shares of American Financial Group, Inc. (NYSE:AFG) by 41.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 15,990 shares of the insurance provider’s stock after selling 11,438 shares during the quarter. APG Asset Management N.V.’s holdings in American Financial Group were worth $1,835,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Bank of New York Mellon Corp grew its stake in shares of American Financial Group by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider’s stock worth $102,921,000 after buying an additional 7,797 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of American Financial Group by 3.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock valued at $77,145,000 after acquiring an additional 18,945 shares during the last quarter. Johnson Investment Counsel Inc. grew its position in American Financial Group by 0.4% in the second quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock worth $70,881,000 after acquiring an additional 2,389 shares in the last quarter. Bahl & Gaynor Inc. increased its stake in American Financial Group by 8.6% during the second quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider’s stock worth $60,528,000 after acquiring an additional 38,937 shares during the last quarter. Finally, Boston Trust Walden Corp raised its position in American Financial Group by 2.8% during the second quarter. Boston Trust Walden Corp now owns 431,218 shares of the insurance provider’s stock valued at $53,048,000 after purchasing an additional 11,897 shares during the period. Institutional investors own 64.37% of the company’s stock.

American Financial Group Price Performance

AFG stock opened at $134.60 on Tuesday. The stock has a market cap of $11.29 billion, a PE ratio of 12.88 and a beta of 0.78. American Financial Group, Inc. has a 12 month low of $105.22 and a 12 month high of $137.95. The company has a 50-day moving average price of $130.93 and a 200 day moving average price of $129.41. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business earned $2.38 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts anticipate that American Financial Group, Inc. will post 10.96 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Citigroup cut American Financial Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $144.00 to $137.00 in a report on Friday, June 28th.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.