Susquehanna Fundamental Investments LLC Takes Position in American Financial Group, Inc. (NYSE:AFG)

Susquehanna Fundamental Investments LLC bought a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 29,768 shares of the insurance provider’s stock, valued at approximately $3,662,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in shares of American Financial Group in the second quarter worth $30,000. Headlands Technologies LLC acquired a new stake in American Financial Group in the 2nd quarter valued at $38,000. Covestor Ltd raised its position in American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 346 shares during the period. Blue Trust Inc. lifted its stake in shares of American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 133 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position in shares of American Financial Group by 10,460.0% in the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after buying an additional 523 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE:AFG opened at $135.12 on Monday. American Financial Group, Inc. has a 1-year low of $105.22 and a 1-year high of $137.95. The stock has a market cap of $11.33 billion, a P/E ratio of 12.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a 50-day moving average of $130.93 and a two-hundred day moving average of $129.42.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.72 billion. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. American Financial Group’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.38 EPS. On average, research analysts expect that American Financial Group, Inc. will post 10.96 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup lowered American Financial Group from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $144.00 to $137.00 in a research report on Friday, June 28th.

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.