BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $1.68 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in American Financial Group, Inc. (NYSE:AFG) by 59.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,659 shares of the insurance provider’s stock after buying an additional 5,116 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in American Financial Group were worth $1,680,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Innealta Capital LLC acquired a new position in American Financial Group during the second quarter worth $30,000. Headlands Technologies LLC bought a new stake in shares of American Financial Group in the 2nd quarter worth about $38,000. Covestor Ltd grew its holdings in shares of American Financial Group by 402.3% in the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 346 shares during the last quarter. Blue Trust Inc. increased its position in shares of American Financial Group by 44.3% during the 2nd 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 lifted its holdings in American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $144.00 to $137.00 in a research note on Friday, June 28th.

American Financial Group Stock Performance

American Financial Group stock opened at $135.12 on Monday. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.95. The stock has a 50-day simple moving average of $130.93 and a 200 day simple moving average of $129.42. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 12.93 and a beta of 0.78. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG) last posted 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. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. American Financial Group’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.38 EPS. On average, research analysts anticipate that American Financial Group, Inc. will post 10.96 earnings per share for the current fiscal year.

American Financial Group Company 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.