Optimal Asset Management Inc. boosted its position in shares of American Financial Group Inc (NYSE:AFG) by 172.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,416 shares of the insurance provider’s stock after acquiring an additional 19,864 shares during the period. Optimal Asset Management Inc.’s holdings in American Financial Group were worth $2,202,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. State of Tennessee Treasury Department raised its holdings in American Financial Group by 28.4% during the 1st quarter. State of Tennessee Treasury Department now owns 70,564 shares of the insurance provider’s stock valued at $4,945,000 after buying an additional 15,599 shares during the last quarter. Bahl & Gaynor Inc. raised its position in shares of American Financial Group by 23.0% during the 1st quarter. Bahl & Gaynor Inc. now owns 13,561 shares of the insurance provider’s stock worth $950,000 after acquiring an additional 2,539 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of American Financial Group by 2.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 107,417 shares of the insurance provider’s stock worth $7,528,000 after acquiring an additional 2,267 shares in the last quarter. HighTower Advisors LLC acquired a new stake in shares of American Financial Group during the 1st quarter worth about $328,000. Finally, APG Asset Management N.V. raised its position in shares of American Financial Group by 64.1% during the 1st quarter. APG Asset Management N.V. now owns 100,833 shares of the insurance provider’s stock worth $7,066,000 after acquiring an additional 39,371 shares in the last quarter. 65.08% of the stock is owned by institutional investors.

In other American Financial Group news, Director Kenneth C. Ambrecht purchased 1,290 shares of the stock in a transaction dated Friday, June 12th. The shares were bought at an average cost of $61.22 per share, with a total value of $78,973.80. Following the completion of the transaction, the director now owns 44,996 shares in the company, valued at approximately $2,754,655.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 12.10% of the company’s stock.

AFG has been the topic of several research analyst reports. TheStreet lowered American Financial Group from a “b-” rating to a “c+” rating in a research report on Thursday, March 19th. Cfra cut their price target on American Financial Group from $118.00 to $69.00 and set a “hold” rating on the stock in a research report on Tuesday, May 12th. Piper Sandler cut their price target on American Financial Group from $100.00 to $74.00 and set an “overweight” rating on the stock in a research report on Monday, April 6th. Zacks Investment Research raised American Financial Group from a “sell” rating to a “hold” rating and set a $67.00 price target on the stock in a research report on Tuesday, June 16th. Finally, Raymond James lowered American Financial Group from a “market perform” rating to an “underperform” rating in a research report on Friday, April 17th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $70.00.

Shares of AFG stock traded down $2.28 during midday trading on Friday, hitting $59.64. The company had a trading volume of 4,108 shares, compared to its average volume of 1,037,096. The company’s 50 day simple moving average is $62.38 and its 200 day simple moving average is $85.46. American Financial Group Inc has a 52-week low of $44.01 and a 52-week high of $115.03. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 21.35 and a beta of 0.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.14 and a quick ratio of 0.14.

American Financial Group (NYSE:AFG) last announced its earnings results on Monday, May 11th. The insurance provider reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.03. American Financial Group had a return on equity of 12.99% and a net margin of 3.57%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the business posted $2.02 EPS. The company’s revenue was up 8.7% on a year-over-year basis. Analysts anticipate that American Financial Group Inc will post 6.46 EPS for the current year.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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

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