2,045 Shares in American Financial Group, Inc. $AFG Bought by Ballentine Partners LLC

Key Points

• Ballentine Partners LLC has acquired a new position in American Financial Group, buying 2,045 shares valued at approximately $258,000.
• Institutional investors including Charles Schwab Investment Management and AQR Capital Management significantly increased their stakes in American Financial Group in the first quarter, indicating strong institutional interest.
• American Financial Group reported EPS of $2.14 for the last quarter, beating estimates, but the revenue fell short of expectations at $1.65 billion.

Ballentine Partners LLC acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,045 shares of the insurance provider's stock, valued at approximately $258,000.

Several other institutional investors and hedge funds also recently modified their holdings of AFG. Charles Schwab Investment Management Inc. grew its stake in shares of American Financial Group by 395.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,520,714 shares of the insurance provider's stock worth $331,071,000 after purchasing an additional 2,012,027 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of American Financial Group by 240.0% during the first quarter. AQR Capital Management LLC now owns 585,841 shares of the insurance provider's stock valued at $76,821,000 after purchasing an additional 413,516 shares during the last quarter. Nuveen LLC purchased a new stake in shares of American Financial Group during the first quarter valued at $30,442,000. Millennium Management LLC lifted its holdings in shares of American Financial Group by 166.7% during the first quarter. Millennium Management LLC now owns 280,012 shares of the insurance provider's stock valued at $36,777,000 after purchasing an additional 175,015 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in American Financial Group by 112.5% in the 1st quarter. Ameriprise Financial Inc. now owns 327,621 shares of the insurance provider's stock worth $43,030,000 after acquiring an additional 173,452 shares in the last quarter. Institutional investors own 64.37% of the company's stock.

Insider Buying and Selling

In related news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $134.31, for a total value of $1,343,100.00. Following the completion of the sale, the director owned 326,730 shares in the company, valued at approximately $43,883,106.30. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 17.40% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Jefferies Financial Group increased their price objective on American Financial Group from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Wall Street Zen raised American Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Finally, Keefe, Bruyette & Woods lowered their target price on American Financial Group from $127.00 to $124.00 and set a "market perform" rating on the stock in a report on Tuesday, August 12th. Four investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $136.75.

American Financial Group Trading Down 0.4%

AFG stock opened at $144.66 on Tuesday. The business has a fifty day moving average of $134.17 and a 200-day moving average of $128.53. The company has a market cap of $12.06 billion, a P/E ratio of 15.90 and a beta of 0.73. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 EPS for the quarter, beating analysts' consensus estimates of $2.08 by $0.06. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.77 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The firm's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 earnings per share. As a group, equities research analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group 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.

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