Toronto Dominion Bank Has $894,000 Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Toronto Dominion Bank lowered its holdings in American Financial Group, Inc. (NYSE:AFG) by 34.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,267 shares of the insurance provider’s stock after selling 3,754 shares during the quarter. Toronto Dominion Bank’s holdings in American Financial Group were worth $894,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in American Financial Group by 13.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock worth $5,145,000 after purchasing an additional 4,420 shares in the last quarter. Hengehold Capital Management LLC grew its holdings in shares of American Financial Group by 40.0% in the 1st quarter. Hengehold Capital Management LLC now owns 25,532 shares of the insurance provider’s stock valued at $3,485,000 after buying an additional 7,295 shares during the period. Vident Advisory LLC grew its stake in American Financial Group by 360.7% in the first quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock valued at $3,706,000 after acquiring an additional 21,261 shares during the period. Goldman Sachs Group Inc. grew its position in shares of American Financial Group by 3.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock valued at $77,145,000 after purchasing an additional 18,945 shares during the period. Finally, Norden Group LLC acquired a new stake in shares of American Financial Group during the first quarter worth $885,000. 64.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

American Financial Group Stock Performance

Shares of NYSE AFG opened at $134.60 on Tuesday. American Financial Group, Inc. has a 12 month low of $105.22 and a 12 month high of $137.95. The company has a market capitalization of $11.29 billion, a P/E ratio of 12.88 and a beta of 0.78. The stock has a 50 day moving average of $130.93 and a 200-day moving average of $129.41. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

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, topping the consensus estimate of $2.45 by $0.11. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company earned $2.38 EPS. The business’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts predict that American Financial Group, Inc. will post 10.96 EPS for the current year.

About American Financial Group

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.