New York State Teachers Retirement System reduced its position in shares of American Financial Group Inc. (NYSE:AFG) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,726 shares of the company’s stock after selling 100 shares during the period. New York State Teachers Retirement System’s holdings in American Financial Group were worth $11,661,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC raised its stake in American Financial Group by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,028 shares of the company’s stock worth $150,000 after buying an additional 42 shares during the period. IFP Advisors Inc raised its stake in American Financial Group by 97.3% in the first quarter. IFP Advisors Inc now owns 2,129 shares of the company’s stock worth $150,000 after buying an additional 1,050 shares during the period. Atria Investments LLC bought a new stake in American Financial Group during the second quarter worth approximately $254,000. Fox Run Management L.L.C. bought a new stake in American Financial Group during the first quarter worth approximately $296,000. Finally, LS Investment Advisors LLC raised its stake in American Financial Group by 73.6% in the second quarter. LS Investment Advisors LLC now owns 4,285 shares of the company’s stock worth $317,000 after buying an additional 1,816 shares during the period. Hedge funds and other institutional investors own 59.89% of the company’s stock.
Shares of American Financial Group Inc. (NYSE:AFG) traded down 2.05% during midday trading on Friday, hitting $74.40. The company had a trading volume of 261,253 shares. American Financial Group Inc. has a 52 week low of $64.87 and a 52 week high of $76.03. The firm’s 50 day moving average is $74.45 and its 200 day moving average is $71.99. The company has a market capitalization of $6.46 billion, a P/E ratio of 19.02 and a beta of 0.79.
American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. American Financial Group had a return on equity of 9.74% and a net margin of 5.46%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts anticipate that American Financial Group Inc. will post $5.70 EPS for the current year.
A number of research firms have commented on AFG. Zacks Investment Research lowered American Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. Sandler O’Neill upgraded American Financial Group from a “hold” rating to a “buy” rating and upped their target price for the company from $74.00 to $81.00 in a research report on Friday, August 12th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of American Financial Group in a research report on Thursday, June 30th.
In other American Financial Group news, Director William W. Verity sold 2,046 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $72.97, for a total transaction of $149,296.62. Following the sale, the director now owns 5,549 shares in the company, valued at $404,910.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Vito C. Peraino sold 2,450 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $75.09, for a total value of $183,970.50. Following the sale, the vice president now owns 81,032 shares in the company, valued at approximately $6,084,692.88. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.
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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