Could American Financial Group Inc (AFG) Change Direction After Making 52-Week High?

June 19, 2017 - By Darrin Black

Investors sentiment decreased to 0.91 in 2016 Q4. Its down 0.11, from 1.02 in 2016Q3. It dropped, as 29 investors sold American Financial Group Inc shares while 106 reduced holdings. 39 funds opened positions while 84 raised stakes. 51.91 million shares or 1.38% more from 51.20 million shares in 2016Q3 were reported.
Mutual Of America Cap Mgmt Lc holds 70,769 shares or 0.12% of its portfolio. Ubs Asset Mngmt Americas Inc holds 47,250 shares or 0% of its portfolio. Georgia-based Earnest Prns Lc has invested 0% in American Financial Group Inc (NYSE:AFG). Blackrock Grp Incorporated reported 56,527 shares. Paradigm Capital Mgmt Inc New York reported 0.18% stake. Howe And Rusling Inc owns 8 shares. Aqr Capital Management Limited Company reported 0.16% stake. Envestnet Asset Mgmt holds 0% or 7,363 shares. 255 are owned by Ent Financial Services Corp. Cubist Systematic Strategies Ltd reported 313 shares or 0% of all its holdings. State Street reported 2.21 million shares. Prudential Pcl, a Illinois-based fund reported 308,300 shares. Retirement Sys Of Alabama holds 0.07% or 146,542 shares in its portfolio. Moreover, Putnam Limited Company has 0.02% invested in American Financial Group Inc (NYSE:AFG) for 80,870 shares. Advsrs Preferred Limited Liability Corp holds 0.21% of its portfolio in American Financial Group Inc (NYSE:AFG) for 4,667 shares.

Since February 3, 2017, it had 0 buys, and 18 insider sales for $50.75 million activity. Shares for $1.59 million were sold by BERDING JOHN B on Monday, February 27. The insider LINDNER S CRAIG sold 40,000 shares worth $3.70 million. $105,058 worth of stock was sold by JACOBS TERRY S on Thursday, June 1. $2.02M worth of American Financial Group Inc (NYSE:AFG) was sold by EVANS JAMES E on Wednesday, May 10. Another trade for 2,046 shares valued at $196,226 was sold by VON LEHMAN JOHN I. Another trade for 26,709 shares valued at $2.56M was made by Peraino Vito C on Monday, March 13.

The stock of American Financial Group Inc (NYSE:AFG) hit a new 52-week high and has $105.31 target or 3.00 % above today’s $102.24 share price. The 7 months bullish chart indicates low risk for the $9.01B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $105.31 price target is reached, the company will be worth $270.30M 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 35,713 shares traded. American Financial Group Inc (NYSE:AFG) has risen 40.27% since June 19, 2016 and is uptrending. It has outperformed by 23.57% the S&P500.

American Financial Group Inc (NYSE:AFG) Ratings Coverage

Among 2 analysts covering American Financial Group (NYSE:AFG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. American Financial Group had 3 analyst reports since January 19, 2016 according to SRatingsIntel. The stock has “Neutral” rating by Macquarie Research on Friday, December 2. The firm has “Buy” rating given on Friday, August 12 by Sandler O’Neill.

More important recent American Financial Group Inc (NYSE:AFG) news were published by: Bizjournals.com which released: “FC Cincinnati owner Lindner sells millions of dollars in company stock” on June 13, 2017, also Businesswire.com published article titled: “American Financial Group, Inc. Announces Notice of Redemption of 6.375% Senior …”, Nasdaq.com published: “Add American Financial (AFG) for an Impressive Portfolio” on June 12, 2017. More interesting news about American Financial Group Inc (NYSE:AFG) was released by: Businesswire.com and their article: “AM Best Assigns Issue Credit Rating to American Financial Group, Inc.’s Senior …” with publication date: May 30, 2017.

American Financial Group, Inc. is a holding firm engaged primarily in property and casualty insurance businesses. The company has market cap of $9.01 billion. 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. It has a 12.96 P/E ratio. It has four divisions: Property and casualty insurance, Annuity, Run-off long-term care and life, and Other.

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