The stock of American Financial Group Inc (NYSE:AFG) hit a new 52-week high and has $84.72 target or 4.00% above today’s $81.46 share price. The 5 months bullish chart indicates low risk for the $7.14B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $84.72 price target is reached, the company will be worth $285.60M 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 51,315 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 18.36% since April 21, 2016 and is uptrending. It has outperformed by 13.03% the S&P500.
Analysts await American Financial Group Inc (NYSE:AFG) to report earnings on February, 7. They expect $1.59 EPS, up 4.61% or $0.07 from last year’s $1.52 per share. AFG’s profit will be $139.36M for 12.81 P/E if the $1.59 EPS becomes a reality. After $1.51 actual EPS reported by American Financial Group Inc for the previous quarter, Wall Street now forecasts 5.30% 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 increased to 1.02 in 2016 Q2. Its up 0.08, from 0.94 in 2016Q1. The ratio is positive, 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.
Oregon Pub Employees Retirement Fund owns 30,101 shares or 0.05% of their US portfolio. Babson Cap Mgmt Limited Liability Corp holds 0.02% of its portfolio in American Financial Group Inc (NYSE:AFG) for 8,000 shares. Nomura Asset Management Co Ltd, a Japan-based fund reported 1,400 shares. Farmers & Merchants Invests holds 0% of its portfolio in American Financial Group Inc (NYSE:AFG) for 17 shares. Old Dominion Mngmt reported 14,300 shares or 1.26% of all its holdings. Fincl Bank Of Mellon has invested 0.02% of its portfolio in American Financial Group Inc (NYSE:AFG). Caisse De Depot Et Placement Du Quebec reported 100,000 shares or 0.02% of all its holdings. The North Carolina-based First Personal Fincl has invested 0% in American Financial Group Inc (NYSE:AFG). Nuveen Asset Management Llc accumulated 0.01% or 28,928 shares. Advisor Ltd Com owns 2,871 shares or 0.07% of their US portfolio. Kempen Nv, a Netherlands-based fund reported 3,548 shares. Comerica Natl Bank has invested 0.03% of its portfolio in American Financial Group Inc (NYSE:AFG). Bridgeway Mgmt Incorporated accumulated 0.05% or 39,800 shares. Bluemountain Cap Mngmt Lc has 34,314 shares for 0.06% of their US portfolio. California Pub Employees Retirement holds 0.03% of its portfolio in American Financial Group Inc (NYSE:AFG) for 260,358 shares.
Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 19 selling transactions for $40.75 million net activity. EVANS JAMES E had sold 15,000 shares worth $1.13M on Tuesday, August 30. The insider BERDING JOHN B sold 10,000 shares worth $764,598. $30,229 worth of shares were sold by JACOBS TERRY S on Friday, September 23. LINDNER CARL H III sold $7.38 million worth of stock or 100,000 shares. 50,000 American Financial Group Inc (NYSE:AFG) shares with value of $3.78M were sold by LINDNER S CRAIG. Another trade for 2,046 shares valued at $149,292 was made by VERITY WILLIAM W on Friday, August 5. On Friday, September 2 the insider Peraino Vito C sold $3.17 million.
Another recent and important American Financial Group Inc (NYSE:AFG) news was published by Finance.Yahoo.com which published an article titled: “American Financial Group, Inc. Management to Participate in Meetings Hosted by …” on November 15, 2016.
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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