Susquehanna Fundamental Investments LLC Makes New $3.66 Million Investment in American Financial Group, Inc. (NYSE:AFG)

Susquehanna Fundamental Investments LLC acquired a new position in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,768 shares of the insurance provider's stock, valued at approximately $3,662,000.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of American Financial Group by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 78,387 shares of the insurance provider's stock worth $9,319,000 after buying an additional 460 shares during the last quarter. US Bancorp DE grew its stake in shares of American Financial Group by 4.6% during the 4th quarter. US Bancorp DE now owns 10,505 shares of the insurance provider's stock worth $1,249,000 after purchasing an additional 461 shares during the period. Hsbc Holdings PLC boosted its holdings in American Financial Group by 24.9% during the fourth quarter. Hsbc Holdings PLC now owns 125,524 shares of the insurance provider's stock worth $14,923,000 after buying an additional 25,045 shares in the last quarter. TD Asset Management Inc grew its position in American Financial Group by 15.6% during the fourth quarter. TD Asset Management Inc now owns 23,850 shares of the insurance provider's stock worth $2,836,000 after buying an additional 3,214 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in American Financial Group by 0.9% in the fourth quarter. Treasurer of the State of North Carolina now owns 34,110 shares of the insurance provider's stock valued at $4,055,000 after buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded shares of American Financial Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $144.00 to $137.00 in a research note on Friday, June 28th.

American Financial Group Trading Down 0.4 %

American Financial Group stock traded down $0.52 during trading on Monday, hitting $134.60. The company's stock had a trading volume of 256,843 shares, compared to its average volume of 302,382. The stock's fifty day moving average is $130.93 and its 200 day moving average is $129.41. 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 stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 12.86 and a beta of 0.78.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm posted $2.38 EPS. The firm's quarterly 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.

American Financial Group 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.