American Financial Group, Inc. (AFG) Shares Sold by Walthausen & Co. LLC

Walthausen & Co. LLC lowered its holdings in American Financial Group, Inc. (NYSE:AFG) by 5.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,420 shares of the insurance provider’s stock after selling 3,790 shares during the period. Walthausen & Co. LLC owned approximately 0.08% of American Financial Group worth $6,998,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can lifted its holdings in shares of American Financial Group by 344.2% in the second quarter. Bank of Montreal Can now owns 108,798 shares of the insurance provider’s stock valued at $10,811,000 after purchasing an additional 84,306 shares in the last quarter. Morgan Stanley lifted its holdings in shares of American Financial Group by 82.9% in the first quarter. Morgan Stanley now owns 227,007 shares of the insurance provider’s stock valued at $21,662,000 after purchasing an additional 102,874 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of American Financial Group by 20.5% in the second quarter. Prudential Financial Inc. now owns 950,796 shares of the insurance provider’s stock valued at $94,480,000 after purchasing an additional 161,661 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of American Financial Group by 7.9% in the second quarter. Principal Financial Group Inc. now owns 620,201 shares of the insurance provider’s stock valued at $61,629,000 after purchasing an additional 45,232 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in shares of American Financial Group by 83.3% in the second quarter. Teacher Retirement System of Texas now owns 10,039 shares of the insurance provider’s stock valued at $998,000 after purchasing an additional 4,562 shares in the last quarter. Institutional investors own 62.32% of the company’s stock.

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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded 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 American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $100.67.

Shares of American Financial Group, Inc. (AFG) traded down 0.78% during mid-day trading on Wednesday, hitting $104.75. The company had a trading volume of 36,120 shares. The company has a market capitalization of $9.22 billion, a P/E ratio of 11.78 and a beta of 0.84. American Financial Group, Inc. has a one year low of $73.38 and a one year high of $106.44. The firm’s 50-day moving average price is $101.98 and its 200 day moving average price is $99.88.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data 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 business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.28 EPS. Analysts predict that American Financial Group, Inc. will post $6.19 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 13th will be given a $0.35 dividend. This is a boost from American Financial Group’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, October 12th. American Financial Group’s payout ratio is currently 14.06%.

In related news, CEO S Craig Lindner sold 25,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total value of $2,606,750.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total transaction of $215,108.88. Following the completion of the sale, the insider now directly owns 17,939 shares in the company, valued at $1,881,442.32. The disclosure for this sale can be found here. Insiders own 13.70% 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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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