Picton Mahoney Asset Management Has $2.15 Million Stock Holdings in American Financial Group Inc (NYSE:AFG)

Picton Mahoney Asset Management trimmed its holdings in shares of American Financial Group Inc (NYSE:AFG) by 71.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,960 shares of the insurance provider’s stock after selling 51,500 shares during the period. Picton Mahoney Asset Management’s holdings in American Financial Group were worth $2,147,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of AFG. Wedge Capital Management L L P NC boosted its stake in shares of American Financial Group by 3,747.4% during the 2nd quarter. Wedge Capital Management L L P NC now owns 336,151 shares of the insurance provider’s stock worth $34,445,000 after buying an additional 327,414 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of American Financial Group by 11.6% during the 1st quarter. Victory Capital Management Inc. now owns 2,461,534 shares of the insurance provider’s stock worth $236,823,000 after buying an additional 256,593 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of American Financial Group by 101.0% during the 1st quarter. Nordea Investment Management AB now owns 421,064 shares of the insurance provider’s stock worth $40,511,000 after buying an additional 211,586 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of American Financial Group by 300.7% during the 1st quarter. Acadian Asset Management LLC now owns 201,845 shares of the insurance provider’s stock worth $19,421,000 after buying an additional 151,466 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of American Financial Group by 208.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 207,616 shares of the insurance provider’s stock worth $19,975,000 after buying an additional 140,236 shares during the last quarter. Institutional investors own 62.61% of the company’s stock.

A number of equities research analysts have recently issued reports on AFG shares. ValuEngine raised shares of American Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 target price on the stock in a report on Wednesday, August 14th. Finally, Buckingham Research raised shares of American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Thursday, June 13th.

Shares of AFG stock traded down $1.46 on Friday, reaching $99.93. The stock had a trading volume of 291,759 shares, compared to its average volume of 374,399. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.23. The firm’s 50-day moving average is $102.74 and its two-hundred day moving average is $100.25. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 11.90, a P/E/G ratio of 1.90 and a beta of 0.85. American Financial Group Inc has a 12 month low of $84.18 and a 12 month high of $114.65.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, August 6th. The insurance provider reported $2.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.11. The company had revenue of $1.20 billion for the quarter. American Financial Group had a net margin of 9.29% and a return on equity of 13.39%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.04 earnings per share. On average, sell-side analysts forecast that American Financial Group Inc will post 8.65 earnings per share for the current fiscal year.

In other American Financial Group news, Director William W. Verity sold 1,200 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $104.07, for a total value of $124,884.00. Following the transaction, the director now directly owns 6,678 shares of the company’s stock, valued at approximately $694,979.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director James E. Evans sold 2,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $98.77, for a total transaction of $197,540.00. Following the completion of the transaction, the director now directly owns 132,309 shares in the company, valued at $13,068,159.93. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 155,401 shares of company stock worth $16,058,827. 11.90% of the stock is owned by insiders.

American Financial Group Profile

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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

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