Stock Buzzer: Is Buying American Financial Group Inc Here a Winning Strategy?

Stock Buzzer: Is Buying American Financial Group Inc Here a Winning Strategy?

The stock of American Financial Group Inc (NYSE:AFG) reached all time high today, Nov, 10 and still has $105.98 target or 35.00% above today’s $78.50 share price. This indicates more upside for the $6.89B company. This technical setup was reported by Barchart.com. If the $105.98 PT is reached, the company will be worth $2.41B 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. The stock increased 1.75% or $1.35 during the last trading session, hitting $78.5. About 493,448 shares traded hands or 60.84% up from the average. American Financial Group Inc (NYSE:AFG) has risen 14.65% since April 8, 2016 and is uptrending. It has outperformed by 9.00% the S&P500.

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 dropped, 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.
Checchi Cap Advisers Ltd reported 2,028 shares or 0.02% of all its holdings. Renaissance Tech Limited Liability Co has 171,000 shares for 0.02% of their US portfolio. The Connecticut-based Aqr Cap Mgmt Limited Liability Company has invested 0.16% in American Financial Group Inc (NYSE:AFG). Gsa Capital Prtn Llp accumulated 0.03% or 7,677 shares. Moreover, Gemmer Asset Mngmt Ltd Liability Corporation has 0.01% invested in American Financial Group Inc (NYSE:AFG) for 146 shares. Deere Communications last reported 0.13% of its portfolio in the stock. Envestnet Asset Mgmt owns 19,590 shares or 0.01% of their US portfolio. Macquarie Group Ltd has invested 0.05% of its portfolio in American Financial Group Inc (NYSE:AFG). Raymond James Ser holds 0% of its portfolio in American Financial Group Inc (NYSE:AFG) for 4,685 shares. Clearbridge Invs Limited Liability has 0% invested in the company for 300 shares. The Texas-based Hilltop Holdings Incorporated has invested 0.18% in American Financial Group Inc (NYSE:AFG). Cramer Rosenthal Mcglynn Ltd Liability has invested 0.63% of its portfolio in American Financial Group Inc (NYSE:AFG). Richard Bernstein Advisors Limited Liability Corporation holds 0.36% of its portfolio in American Financial Group Inc (NYSE:AFG) for 50,800 shares. Us Commercial Bank De accumulated 7,373 shares or 0% of the stock. Voya Ltd Llc, a Georgia-based fund reported 22,440 shares.

Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 16 selling transactions for $39.25 million net activity. BERDING JOHN B sold $760,225 worth of American Financial Group Inc (NYSE:AFG) on Thursday, November 3. 1,223 shares with value of $87,512 were sold by JACOBS TERRY S on Thursday, August 4. Another trade for 100,000 shares valued at $7.38M was sold by LINDNER CARL H III. LINDNER S CRAIG had sold 75,000 shares worth $5.41M on Thursday, August 4. Another trade for 3,000 shares valued at $225,439 was made by EVANS JAMES E on Friday, September 30. Peraino Vito C had sold 42,256 shares worth $3.17M. Another trade for 2,046 shares valued at $149,292 was sold by VERITY WILLIAM W.

More recent American Financial Group Inc (NYSE:AFG) news were published by: Businesswire.com which released: “American Financial Group, Inc. and National Interstate Corporation Announce …” on November 10, 2016. Also Businesswire.com published the news titled: “American Financial Group, Inc. Announces Third Quarter Results” on November 01, 2016. Businesswire.com‘s news article titled: “American Financial Group, Inc. Announces Its Conference Call and Webcast to …” with publication date: October 11, 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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