Public Sector Pension Investment Board Reduces Position in American Financial Group, Inc. (NYSE:AFG)

Public Sector Pension Investment Board lowered its position in American Financial Group, Inc. (NYSE:AFG) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,349 shares of the insurance provider’s stock after selling 283 shares during the quarter. Public Sector Pension Investment Board’s holdings in American Financial Group were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in American Financial Group in the 2nd quarter valued at $30,000. Headlands Technologies LLC purchased a new position in American Financial Group during the 2nd quarter worth $38,000. Covestor Ltd increased its stake 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. raised its holdings in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of American Financial Group by 10,460.0% during 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. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Performance

Shares of AFG opened at $135.34 on Wednesday. The stock has a market capitalization of $11.35 billion, a P/E ratio of 12.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. American Financial Group, Inc. has a 1 year low of $105.22 and a 1 year high of $137.95. The company’s fifty day moving average is $131.13 and its two-hundred day moving average is $129.43.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.11. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.38 earnings per share. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.96 earnings per share for the current year.

Analysts Set New Price Targets

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

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.