The stock of American Financial Group Inc (NYSE:AFG) reached all time high today, Nov, 18 and still has $102.14 target or 26.00% above today’s $81.06 share price. This indicates more upside for the $7.12 billion company. This technical setup was reported by Barchart.com. If the $102.14 PT is reached, the company will be worth $1.85 billion 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 17,954 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 16.67% since April 18, 2016 and is uptrending. It has outperformed by 12.24% 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 increased to 1.02 in 2016 Q2. 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.
Impact Advisors Limited Liability Corporation holds 12,304 shares or 0.43% of its portfolio. Legal General Grp Plc has 56,928 shares for 0% of their US portfolio. Ironbridge Capital Mngmt Ltd Partnership holds 1.36% or 418,977 shares in its portfolio. Paradigm Capital Inc has 19,575 shares for 0.18% of their US portfolio. Richard Bernstein Ltd Liability holds 0.36% or 50,800 shares in its portfolio. The Massachusetts-based Btim Corporation has invested 0.13% in American Financial Group Inc (NYSE:AFG). Cantab Capital Prtn Llp has 0% invested in the company for 10,476 shares. Ls Investment Advsr Llc reported 4,285 shares or 0.02% of all its holdings. Price T Rowe Inc Md holds 0% of its portfolio in American Financial Group Inc (NYSE:AFG) for 27,801 shares. Rafferty Asset Lc, a New York-based fund reported 7,360 shares. Texas Permanent School Fund holds 0.05% or 54,364 shares in its portfolio. South Texas Money Management Ltd reported 6,897 shares or 0.03% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,904 shares or 0% of its portfolio. Kempen Capital Mgmt Nv accumulated 3,548 shares or 0.03% of the stock. Calvert Invest accumulated 213,053 shares or 0.82% of the stock.
Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 19 sales for $40.75 million net activity. 42,256 shares were sold by Peraino Vito C, worth $3.17 million on Friday, September 2. 2,000 American Financial Group Inc (NYSE:AFG) shares with value of $159,800 were sold by EVANS JAMES E. The insider LINDNER S CRAIG sold 50,000 shares worth $3.78M. VERITY WILLIAM W had sold 2,046 shares worth $149,292. LINDNER CARL H III also sold $7.51 million worth of American Financial Group Inc (NYSE:AFG) shares. JACOBS TERRY S had sold 1,223 shares worth $87,512 on Thursday, August 4. BERDING JOHN B sold $764,598 worth of stock or 10,000 shares.
More news for American Financial Group Inc (NYSE:AFG) were recently published by: Businesswire.com, which released: “American Financial Group, Inc. Management to Participate in Meetings Hosted by …” on November 15, 2016. Businesswire.com‘s article titled: “American Financial Group, Inc. and National Interstate Corporation Announce …” and published on November 10, 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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