Aberdeen Asset Management PLC UK boosted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 122.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,101 shares of the insurance provider’s stock after acquiring an additional 8,872 shares during the period. Aberdeen Asset Management PLC UK’s holdings in American Financial Group were worth $1,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in American Financial Group during the 1st quarter worth approximately $154,000. Bessemer Group Inc. purchased a new stake in shares of American Financial Group during the 2nd quarter worth approximately $155,000. Gilbert & Cook Inc. purchased a new stake in shares of American Financial Group during the 2nd quarter worth approximately $220,000. Public Employees Retirement Association of Colorado lifted its position in shares of American Financial Group by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock worth $220,000 after buying an additional 42 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of American Financial Group during the 2nd quarter worth approximately $224,000. Institutional investors own 62.33% of the company’s stock.

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Shares of American Financial Group, Inc. (AFG) opened at 101.97 on Wednesday. American Financial Group, Inc. has a 12 month low of $73.38 and a 12 month high of $105.58. The stock’s 50 day moving average is $101.90 and its 200 day moving average is $98.92. The stock has a market cap of $8.98 billion, a P/E ratio of 11.49 and a beta of 0.84.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.31. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the company earned $1.28 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts predict that American Financial Group, Inc. will post $6.77 earnings per share for the current fiscal year.

In other news, CEO S Craig Lindner sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total transaction of $2,606,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Michelle A. Gillis sold 2,051 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $104.88, for a total transaction of $215,108.88. Following the sale, the insider now directly owns 17,939 shares of the company’s stock, valued at approximately $1,881,442.32. The disclosure for this sale can be found here. 13.70% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on AFG shares. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a research report on Thursday, September 7th. BidaskClub downgraded shares of American Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $99.33.

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.

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

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