The stock of American Financial Group Inc (NYSE:AFG) reached all time high today, Oct, 18 and still has $121.35 target or 59.00% above today’s $76.32 share price. This indicates more upside for the $6.64B company. This technical setup was reported by Barchart.com. If the $121.35 PT is reached, the company will be worth $3.92B 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 12,502 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 8.20% since March 15, 2016 and is uptrending. It has outperformed by 2.72% the S&P500.
Analysts await American Financial Group Inc (NYSE:AFG) to report earnings on November, 1. They expect $1.53 EPS, up 10.87% or $0.15 from last year’s $1.38 per share. AFG’s profit will be $133.11M for 12.47 P/E if the $1.53 EPS becomes a reality. After $1.28 actual EPS reported by American Financial Group Inc for the previous quarter, Wall Street now forecasts 19.53% 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 decreased to 0.94 in 2016 Q2. Its down 0.07, from 1.01 in 2016Q1. The ratio worsened, 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.
Fincl Group Incorporated 401(K) Retirement And Savings Plan holds 100% of its portfolio in American Financial Group Inc (NYSE:AFG) for 3.03 million shares. Blackrock Fund Advsr accumulated 2.48 million shares or 0.04% of the stock. Northern Tru Corporation last reported 0.02% of its portfolio in the stock. Jpmorgan Chase And Co, a New York-based fund reported 370,849 shares. Hillsdale Investment Inc has 0% invested in the company for 70 shares. The Kansas-based Creative Planning has invested 0% in American Financial Group Inc (NYSE:AFG). Deutsche Bancorp Ag last reported 100,816 shares in the company. Moreover, Schroder Invest Mngmt Group has 0.14% invested in American Financial Group Inc (NYSE:AFG) for 937,959 shares. Invesco Limited reported 699,653 shares or 0.02% of all its holdings. Great West Life Assurance Can last reported 6,693 shares in the company. Moreover, Comm Bank has 0% invested in American Financial Group Inc (NYSE:AFG) for 2,943 shares. Highland Capital Mgmt Ltd last reported 59,813 shares in the company. The North Carolina-based National Bank Of America De has invested 0.01% in American Financial Group Inc (NYSE:AFG). Blackrock Institutional Trust Com Na owns 2.12M shares or 0.03% of their US portfolio. Employees Retirement Association Of Colorado holds 0% of its portfolio in American Financial Group Inc (NYSE:AFG) for 2,194 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 15 insider sales for $35.43 million net activity. On Tuesday, August 30 EVANS JAMES E sold $1.13 million worth of the stock or 15,000 shares. LINDNER CARL H III had sold 100,000 shares worth $7.51M. 1,223 shares were sold by JACOBS TERRY S, worth $87,512. Peraino Vito C sold 4,041 shares worth $303,883. Shares for $446,753 were sold by BERDING JOHN B on Thursday, August 25. VERITY WILLIAM W also sold $149,292 worth of American Financial Group Inc (NYSE:AFG) shares. $5.41 million worth of American Financial Group Inc (NYSE:AFG) shares were sold by LINDNER S CRAIG.
More news for American Financial Group Inc (NYSE:AFG) were recently published by: Finance.Yahoo.com, which released: “American Financial Group, Inc. Announces Its Conference Call and Webcast to …” on October 11, 2016. Insurancejournal.com‘s article titled: “Chubb, Assurance, American Financial Tops in P/C Insurer Performance: Fitch Rating” and published on October 14, 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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