AQR Capital Management LLC Has $19.74 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

AQR Capital Management LLC decreased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,443 shares of the insurance provider’s stock after selling 3,097 shares during the quarter. AQR Capital Management LLC owned approximately 0.19% of American Financial Group worth $19,738,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. AXA S.A. boosted its stake in shares of American Financial Group by 71.7% during the 2nd quarter. AXA S.A. now owns 45,864 shares of the insurance provider’s stock worth $5,642,000 after buying an additional 19,153 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in American Financial Group by 35.6% during the second quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 188 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in American Financial Group during the second quarter worth about $124,000. Point72 Hong Kong Ltd acquired a new position in American Financial Group during the second quarter valued at approximately $99,000. Finally, Squarepoint Ops LLC grew its stake in American Financial Group by 560.1% in the second quarter. Squarepoint Ops LLC now owns 17,731 shares of the insurance provider’s stock valued at $2,181,000 after purchasing an additional 15,045 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Financial Group Trading Down 0.4 %

Shares of NYSE:AFG opened at $134.60 on Tuesday. American Financial Group, Inc. has a 52-week low of $105.22 and a 52-week high of $137.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $11.29 billion, a P/E ratio of 12.88 and a beta of 0.78. The company has a 50-day simple moving average of $130.93 and a 200 day simple moving average of $129.41.

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