The stock of American Financial Group Inc (NYSE:AFG) reached all time high today, Nov, 29 and still has $86.57 target or 5.00% above today’s $82.45 share price. This indicates more upside for the $7.14B company. This technical setup was reported by Barchart.com. If the $86.57 PT is reached, the company will be worth $357.00 million 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 80,551 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 17.87% since April 26, 2016 and is uptrending. It has outperformed by 12.61% 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 $137.69M for 12.96 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 Q2 2016. Its up 0.08, from 0.94 in 2016Q1. The ratio improved, 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.
Guggenheim Lc holds 0.01% or 51,298 shares in its portfolio. Fort Washington Investment Advisors Incorporated Oh accumulated 0.01% or 6,254 shares. Alliancebernstein L P last reported 0.06% of its portfolio in the stock. Us Comml Bank De last reported 0% of its portfolio in the stock. Calvert Investment Incorporated owns 213,053 shares or 0.82% of their US portfolio. Sei owns 82,773 shares or 0.04% of their US portfolio. The Maryland-based Proshare Advisors Lc has invested 0.02% in American Financial Group Inc (NYSE:AFG). Nationwide Fund has 353,687 shares for 0.11% of their US portfolio. Rhumbline Advisers reported 128,652 shares or 0.03% of all its holdings. Colony Grp Incorporated Ltd Liability Corp last reported 30,815 shares in the company. Malaga Cove Capital Llc reported 35,122 shares or 2.04% of all its holdings. Reinhart Prtn owns 209,752 shares or 1.55% of their US portfolio. The California-based Dorsey Wright has invested 0.4% in American Financial Group Inc (NYSE:AFG). The Ontario – Canada-based Breton Hill Ltd has invested 0.21% in American Financial Group Inc (NYSE:AFG). Atria Investments Ltd Liability Corporation owns 3,481 shares or 0.03% of their US portfolio.
Insider Transactions: Since August 4, 2016, the stock had 0 insider purchases, and 20 selling transactions for $43.19 million net activity. LINDNER S CRAIG also sold $2.44 million worth of American Financial Group Inc (NYSE:AFG) on Tuesday, November 22. Another trade for 4,041 shares valued at $303,883 was sold by Peraino Vito C. JACOBS TERRY S sold $30,229 worth of stock or 400 shares. BERDING JOHN B sold 6,000 shares worth $446,753. Shares for $575,457 were sold by EVANS JAMES E. The insider LINDNER CARL H III sold $7.51M. VERITY WILLIAM W also sold $149,292 worth of American Financial Group Inc (NYSE:AFG) shares.
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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