Northwestern Mutual Investment Management Company LLC Sells 322 Shares of American Financial Group, Inc. (NYSE:AFG)

Northwestern Mutual Investment Management Company LLC lowered its holdings in American Financial Group, Inc. (NYSE:AFG) by 2.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,274 shares of the insurance provider’s stock after selling 322 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in American Financial Group were worth $907,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AFG. Quantbot Technologies LP acquired a new position in shares of American Financial Group in the first quarter worth $154,000. Bessemer Group Inc. acquired a new stake in shares of American Financial Group in the second quarter valued at about $155,000. Gilbert & Cook Inc. acquired a new stake in shares of American Financial Group in the second quarter valued at about $220,000. Public Employees Retirement Association of Colorado grew its position in shares of American Financial Group by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 42 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of American Financial Group in the second quarter valued at about $224,000. Institutional investors own 62.66% of the company’s stock.

AFG has been the topic of several research analyst reports. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. American Financial Group currently has a consensus rating of “Hold” and a consensus price target of $99.33.

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In related news, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total transaction of $215,108.88. Following the completion of the transaction, the insider now owns 17,939 shares of the company’s stock, valued at $1,881,442.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO S Craig Lindner sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total transaction of $2,606,750.00. The disclosure for this sale can be found here. Insiders sold 130,528 shares of company stock valued at $13,396,460 in the last quarter. Corporate insiders own 14.90% of the company’s stock.

American Financial Group, Inc. (NYSE:AFG) opened at 98.81 on Friday. The firm’s 50-day moving average is $101.85 and its 200-day moving average is $98.72. American Financial Group, Inc. has a 52 week low of $73.38 and a 52 week high of $105.58. The company has a market cap of $8.70 billion, a PE ratio of 11.14 and a beta of 0.84.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.31. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the company earned $1.28 earnings per share. On average, analysts expect that American Financial Group, Inc. will post $6.73 EPS for the current fiscal year.

American Financial Group Profile

American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.

Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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