The stock of American Financial Group Inc (NYSE:AFG) hit a new 52-week high and has $127.48 target or 65.00% above today’s $77.26 share price. The 5 months bullish chart indicates low risk for the $6.78 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $127.48 price target is reached, the company will be worth $4.41 billion 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 176,622 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 13.60% since April 7, 2016 and is uptrending. It has outperformed by 8.81% 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 fall, 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.
Ww Asset Mngmt accumulated 3,967 shares or 0.01% of the stock. Grantham Mayo Van Otterloo Ltd Liability Corporation last reported 6,500 shares in the company. State Of Tennessee Treasury Department accumulated 0.05% or 146,300 shares. Schroder Invest Management Group Incorporated holds 0.14% of its portfolio in American Financial Group Inc (NYSE:AFG) for 937,959 shares. Morgan Stanley holds 0.01% of its portfolio in American Financial Group Inc (NYSE:AFG) for 260,545 shares. Glenmede Co Na has 0% invested in the company for 180 shares. Arizona State Retirement System, a Arizona-based fund reported 29,784 shares. Legal General Grp Inc Public Limited reported 56,928 shares or 0% of all its holdings. Suntrust Banks holds 0.01% of its portfolio in American Financial Group Inc (NYSE:AFG) for 17,515 shares. Hilltop Hldg Inc has invested 0.18% of its portfolio in American Financial Group Inc (NYSE:AFG). Paradigm Capital Mgmt Ny owns 19,575 shares or 0.18% of their US portfolio. Virginia Retirement Et Al holds 0% or 3,400 shares in its portfolio. Apriem Advsrs holds 0% or 50 shares in its portfolio. Nuveen Asset Mgmt holds 0.01% of its portfolio in American Financial Group Inc (NYSE:AFG) for 28,928 shares. Calvert Invest Management last reported 0.82% of its portfolio in the stock.
Insider Transactions: Since May 10, 2016, the stock had 0 insider buys, and 16 sales for $39.25 million net activity. On Thursday, August 25 BERDING JOHN B sold $446,753 worth of the stock or 6,000 shares. JACOBS TERRY S sold 400 shares worth $30,229. LINDNER S CRAIG also sold $5.41M worth of American Financial Group Inc (NYSE:AFG) shares. $7.38M worth of American Financial Group Inc (NYSE:AFG) shares were sold by LINDNER CARL H III. On Thursday, September 1 the insider Peraino Vito C sold $183,975. 10,000 American Financial Group Inc (NYSE:AFG) shares with value of $717,177 were sold by EVANS JAMES E. VERITY WILLIAM W sold $149,292 worth of American Financial Group Inc (NYSE:AFG) on Friday, August 5.
More news for American Financial Group Inc (NYSE:AFG) were recently published by: Businesswire.com, which released: “American Financial Group, Inc. Announces Third Quarter Results” on November 01, 2016. Businesswire.com‘s article titled: “American Financial Group, Inc. Announces Its Conference Call and Webcast to …” and published on October 11, 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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