Stock On Watch: Is American Financial Group Inc a Buy? The Stock Reaches 52-Week High Today

Stock On Watch: Is American Financial Group Inc a Buy? The Stock Reaches 52 Week High Today

The stock of American Financial Group Inc (NYSE:AFG) hit a new 52-week high and has $116.99 target or 44.00% above today’s $81.24 share price. The 7 months bullish chart indicates low risk for the $7.05B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $116.99 price target is reached, the company will be worth $3.10B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 74,544 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 15.76% since April 15, 2016 and is uptrending. It has outperformed by 11.14% 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 2016 Q2. Its down 0.07, from 1.01 in 2016Q1. The ratio turned negative, 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.
Ajo Lp holds 0.16% of its portfolio in American Financial Group Inc (NYSE:AFG) for 472,372 shares. Mutual Of America Capital Mngmt Lc reported 74,443 shares or 0.12% of all its holdings. Cramer Rosenthal Mcglynn Lc owns 525,693 shares or 0.63% of their US portfolio. Ubs Asset Mngmt Americas accumulated 0.01% or 106,214 shares. Farmers And Merchants Investments has invested 0% of its portfolio in American Financial Group Inc (NYSE:AFG). Springbok Mngmt Ltd Liability Company reported 100 shares or 0% of all its holdings. Investec Asset Management North America has 0.16% invested in the company for 14,986 shares. Babson Cap Mngmt Ltd Com has invested 0.02% of its portfolio in American Financial Group Inc (NYSE:AFG). Breton Hill Cap reported 8,689 shares or 0.21% of all its holdings. Thrivent For Lutherans accumulated 208,085 shares or 0.07% of the stock. Dana Invest Advsrs last reported 63,954 shares in the company. The Illinois-based Citadel Advsrs Limited Liability Corporation has invested 0% in American Financial Group Inc (NYSE:AFG). Hilltop Holdg Incorporated accumulated 0.18% or 7,728 shares. Advantus Capital Mgmt, a Minnesota-based fund reported 8,611 shares. Principal Fin Gp Inc last reported 602,582 shares in the company.

Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 19 selling transactions for $40.75 million net activity. The insider BERDING JOHN B sold $760,225. 3,000 shares with value of $225,439 were sold by EVANS JAMES E on Friday, September 30. $7.51M worth of shares were sold by LINDNER CARL H III on Thursday, September 22. Peraino Vito C sold $183,975 worth of stock or 2,450 shares. JACOBS TERRY S also sold $87,512 worth of American Financial Group Inc (NYSE:AFG) shares. 2,046 American Financial Group Inc (NYSE:AFG) shares with value of $149,292 were sold by VERITY WILLIAM W. 75,000 shares with value of $5.41 million were sold by LINDNER S CRAIG on Thursday, August 4.

More news for American Financial Group Inc (NYSE:AFG) were recently published by: Businesswire.com, which released: “American Financial Group, Inc. Management to Participate in Meetings Hosted by …” on November 15, 2016. Businesswire.com‘s article titled: “American Financial Group, Inc. and National Interstate Corporation Announce …” and published on November 10, 2016 is yet another important article.

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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