Schwab Charles Investment Management Inc. reduced its position in shares of American Financial Group, Inc. (NYSE:AFG) by 32.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,549 shares of the insurance provider’s stock after selling 170,384 shares during the period. Schwab Charles Investment Management Inc. owned 0.40% of American Financial Group worth $34,536,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of American Financial Group by 7.1% during the first quarter. Vanguard Group Inc. now owns 6,517,519 shares of the insurance provider’s stock worth $621,902,000 after purchasing an additional 431,262 shares during the period. BlackRock Inc. boosted its holdings in shares of American Financial Group by 10,325.5% during the first quarter. BlackRock Inc. now owns 5,915,732 shares of the insurance provider’s stock worth $564,476,000 after purchasing an additional 5,858,989 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of American Financial Group by 5.8% during the first quarter. Victory Capital Management Inc. now owns 2,098,038 shares of the insurance provider’s stock worth $200,195,000 after purchasing an additional 114,826 shares during the period. AQR Capital Management LLC boosted its holdings in shares of American Financial Group by 0.6% during the first quarter. AQR Capital Management LLC now owns 1,334,072 shares of the insurance provider’s stock worth $127,297,000 after purchasing an additional 7,997 shares during the period. Finally, Investec Asset Management LTD boosted its holdings in shares of American Financial Group by 6.5% during the first quarter. Investec Asset Management LTD now owns 1,160,823 shares of the insurance provider’s stock worth $110,766,000 after purchasing an additional 70,548 shares during the period. Institutional investors own 62.66% of the company’s stock.

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In other American Financial Group news, CEO Carl H. Lindner III sold 56,353 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $102.17, for a total value of $5,757,586.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John B. Berding sold 12,792 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $101.13, for a total transaction of $1,293,654.96. Following the completion of the sale, the insider now directly owns 66,057 shares of the company’s stock, valued at $6,680,344.41. The disclosure for this sale can be found here. Insiders have sold a total of 143,320 shares of company stock worth $14,690,115 over the last quarter. 13.70% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on AFG. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Monday, August 7th. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, Buckingham Research began coverage on shares of American Financial Group in a report on Monday. They set a “neutral” rating and a $103.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $98.33.

Shares of American Financial Group, Inc. (NYSE AFG) opened at 100.31 on Wednesday. The firm has a 50-day moving average of $102.03 and a 200 day moving average of $98.67. The stock has a market capitalization of $8.83 billion, a price-to-earnings ratio of 11.31 and a beta of 0.84. American Financial Group, Inc. has a one year low of $73.38 and a one year high of $105.58.

American Financial Group (NYSE:AFG) last issued 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. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.28 EPS. On average, equities research analysts predict that American Financial Group, Inc. will post $6.77 EPS for the current year.

American Financial Group 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.

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

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