Sterling Capital Management LLC Sells 2,000 Shares of American Financial Group, Inc. (AFG)

Sterling Capital Management LLC trimmed its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,527 shares of the insurance provider’s stock after selling 2,000 shares during the period. Sterling Capital Management LLC’s holdings in American Financial Group were worth $2,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Burney Co. raised its stake in shares of American Financial Group by 0.5% during the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock worth $515,000 after buying an additional 25 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of American Financial Group by 0.5% during the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock worth $616,000 after buying an additional 30 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of American Financial Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of American Financial Group by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 6,190 shares of the insurance provider’s stock worth $615,000 after buying an additional 40 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of American Financial Group by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock worth $220,000 after buying an additional 42 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) 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 analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 13th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.34%. This is a positive change from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s payout ratio is currently 15.75%.

COPYRIGHT VIOLATION NOTICE: “Sterling Capital Management LLC Sells 2,000 Shares of American Financial Group, Inc. (AFG)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/sterling-capital-management-llc-sells-2000-shares-of-american-financial-group-inc-afg.html.

In other news, insider Michelle A. Gillis sold 2,051 shares of American Financial Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total value of $215,108.88. Following the completion of the sale, the insider now owns 17,939 shares in the company, valued at approximately $1,881,442.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO S Craig Lindner sold 25,000 shares of American Financial Group stock in a transaction 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 own 13.70% of the company’s stock.

AFG has been the subject of a number of recent research reports. BidaskClub downgraded sh

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Burney Co. raised its stake in shares of American Financial Group by 0.5% during the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock worth $515,000 after buying an additional 25 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of American Financial Group by 0.5% during the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock worth $616,000 after buying an additional 30 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of American Financial Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of American Financial Group by 0.7% during the second quarter. State of Alaska Department of Revenue now owns 6,190 shares of the insurance provider’s stock worth $615,000 after buying an additional 40 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of American Financial Group by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock worth $220,000 after buying an additional 42 shares during the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) 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 analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 13th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.40 annualized dividend and a dividend yield of 1.34%. This is a positive change from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s payout ratio is currently 15.75%.

COPYRIGHT VIOLATION NOTICE: “Sterling Capital Management LLC Sells 2,000 Shares of American Financial Group, Inc. (AFG)” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/18/sterling-capital-management-llc-sells-2000-shares-of-american-financial-group-inc-afg.html.

In other news, insider Michelle A. Gillis sold 2,051 shares of American Financial Group stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total value of $215,108.88. Following the completion of the sale, the insider now owns 17,939 shares in the company, valued at approximately $1,881,442.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO S Craig Lindner sold 25,000 shares of American Financial Group stock in a transaction 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 own 13.70% of the company’s stock.

AFG has been the subject of a number of recent research reports. BidaskClub downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday, June 24th. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $100.67.

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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