Covington Investment Advisors Lowers stake in American Financial Group Inc (AFG)

American Financial Group Inc (AFG) : Covington Investment Advisors reduced its stake in American Financial Group Inc by 0.5% during the most recent quarter end. The investment management company now holds a total of 42,865 shares of American Financial Group Inc which is valued at $3,168,581 after selling 215 shares in American Financial Group Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.American Financial Group Inc makes up approximately 1.37% of Covington Investment Advisors’s portfolio.

Other Hedge Funds, Including , Burney Co boosted its stake in AFG in the latest quarter, The investment management firm added 390 additional shares and now holds a total of 6,304 shares of American Financial Group Inc which is valued at $465,992. American Financial Group Inc makes up approx 0.03% of Burney Co’s portfolio.Paradigm Capital Management Incny reduced its stake in AFG by selling 50 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 19,575 shares of AFG which is valued at $1,439,741. American Financial Group Inc makes up approx 0.16% of Paradigm Capital Management Incny’s portfolio. Sumitomo Mitsui Asset Management Company Ltd sold out all of its stake in AFG during the most recent quarter. The investment firm sold 11,276 shares of AFG which is valued $824,276.

American Financial Group Inc closed down -0.26 points or -0.35% at $74.08 with 1,79,153 shares getting traded on Friday. Post opening the session at $73.96, the shares hit an intraday low of $73.89 and an intraday high of $74.25 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, American Financial Group Inc reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.26. The company had revenue of $1027.00 million for the quarter, compared to analysts expectations of $1093.93 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

Many Wall Street Analysts have commented on American Financial Group Inc. American Financial Group Inc was Upgraded by Sandler O’Neill to ” Buy” on Aug 12, 2016.

American Financial Group Inc. (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company through Great American Insurance Group provides property and casualty insurance commercial products and also engaged in the sale of fixed and fixed-indexed annuities in the retail financial institutions and education markets. The Company operates in four segments: Property and casualty insurance Annuity Run-off long-term care and life and Other. AFG’s property and casualty operations provide a range of commercial coverages through the approximately 30 insurance businesses. AFG sells traditional fixed and fixed-indexed annuities in the retail financial institutions and education markets through independent producers and through direct relationships with certain financial institutions. Run-off Long-term Care receives renewal premiums on its in-force block of life insurance policies.

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