1,618 Shares in American Financial Group, Inc. (NYSE:AFG) Purchased by Quarry LP

Quarry LP purchased a new position in American Financial Group, Inc. (NYSE:AFG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,618 shares of the insurance provider’s stock, valued at approximately $199,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AFG. Innealta Capital LLC acquired a new stake in shares of American Financial Group in the second quarter worth approximately $30,000. Headlands Technologies LLC purchased a new position in American Financial Group during the second quarter worth approximately $38,000. Covestor Ltd boosted its holdings in shares of American Financial Group by 402.3% in the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 346 shares during the last quarter. Blue Trust Inc. grew its stake in shares of American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after buying an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Trading Down 0.4 %

Shares of AFG stock opened at $134.60 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $137.95. The firm’s 50 day moving average price is $130.93 and its two-hundred day moving average price is $129.41. The stock has a market cap of $11.29 billion, a price-to-earnings ratio of 12.88 and a beta of 0.78.

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

Analyst Ratings Changes

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

American Financial Group Company Profile

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.