Price Action to Note: American Financial Group Inc Sets All-Time High; Strong Momentum for Holders

Price Action to Note: American Financial Group Inc Sets All Time High; Strong Momentum for Holders

The stock of American Financial Group Inc (NYSE:AFG) reached all time high today, Oct, 7 and still has $91.34 target or 20.00% above today’s $76.12 share price. This indicates more upside for the $6.60 billion company. This technical setup was reported by Barchart.com. If the $91.34 PT is reached, the company will be worth $1.32B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 154,276 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 10.12% since March 4, 2016 and is uptrending. It has outperformed by 2.08% the S&P500.

Analysts await American Financial Group Inc (NYSE:AFG) to report earnings on November, 1. They expect $1.53 EPS, up 10.87% or $0.15 from last year’s $1.38 per share. AFG’s profit will be $132.66M for 12.44 P/E if the $1.53 EPS becomes a reality. After $1.28 actual EPS reported by American Financial Group Inc for the previous quarter, Wall Street now forecasts 19.53% EPS growth.

According to Zacks Investment Research, “American Financial Group is a holding company which, through its subsidiaries, is engaged primarily in private passenger automobile and specialty property and casualty insurance businesses and in the sale of tax-deferred annuities and certain life and supplemental health insurance products.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.07, from 1.01 in 2016Q1. The ratio fall, as 34 funds sold all American Financial Group Inc shares owned while 101 reduced positions. 23 funds bought stakes while 104 increased positions. They now own 50.80 million shares or 9.17% less from 55.93 million shares in 2016Q1.
Oakworth Cap Inc reported 338 shares or 0.01% of all its holdings. Investec Asset Mgmt Limited, a United Kingdom-based fund reported 1.08 million shares. Metropolitan Life Insur Com Ny accumulated 0.04% or 66,707 shares. Advisory Network Limited Liability accumulated 94 shares or 0% of the stock. Alliancebernstein Lp has 0.06% invested in the company for 924,365 shares. The Australia-based Macquarie has invested 0.05% in American Financial Group Inc (NYSE:AFG). Horizon Kinetics Limited Liability Company accumulated 5,999 shares or 0.01% of the stock. Signaturefd Ltd Llc has invested 0% of its portfolio in American Financial Group Inc (NYSE:AFG). Ftb Advisors Inc reported 515 shares or 0.01% of all its holdings. The North Carolina-based Wedge Mngmt L Lp Nc has invested 0.01% in American Financial Group Inc (NYSE:AFG). Madison Invest Inc holds 0.01% or 7,596 shares in its portfolio. Prudential Fincl owns 656,238 shares or 0.08% of their US portfolio. Security holds 355 shares or 0.01% of its portfolio. Deutsche Bank & Trust Ag accumulated 100,816 shares or 0.01% of the stock. Btim holds 0.13% or 101,328 shares in its portfolio.

Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 15 selling transactions for $35.43 million net activity. VERITY WILLIAM W had sold 2,046 shares worth $149,292 on Friday, August 5. BERDING JOHN B had sold 6,000 shares worth $446,753 on Thursday, August 25. 75,000 shares with value of $5.41 million were sold by LINDNER S CRAIG on Thursday, August 4. $7.18 million worth of shares were sold by LINDNER CARL H III on Thursday, August 4. $87,512 worth of American Financial Group Inc (NYSE:AFG) shares were sold by JACOBS TERRY S. On Thursday, September 1 Peraino Vito C sold $183,975 worth of the stock or 2,450 shares. 15,000 American Financial Group Inc (NYSE:AFG) shares with value of $1.13 million were sold by EVANS JAMES E.

More recent American Financial Group Inc (NYSE:AFG) news were published by: Businesswire.com which released: “American Financial Group, Inc. Enters Into Merger Agreement with National …” on July 25, 2016. Also Businesswire.com published the news titled: “American Financial Group, Inc. Increases Annual Dividend by 12%; Eleventh …” on August 17, 2016. Bizjournals.com‘s news article titled: “UC Lindner College of Business lands largest gift ever for new building” with publication date: October 05, 2016 was also an interesting one.

AFG Company Profile

American Financial Group, Inc. (AFG), incorporated on July 1, 1997, is a holding firm 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. The Firm has four divisions: Property and casualty insurance, Annuity, Run-off long-term care and life, and Other. AFG’s property and casualty activities provide a range of commercial coverages, through its approximately 30 insurance businesses. AFG’s property and casualty insurance activities allow local decision-making for underwriting, claims and policy servicing.

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