The stock of American Financial Group Inc (NYSE:AFG) reached all time high today, Nov, 24 and still has $85.03 target or 4.00% above today’s $81.76 share price. This indicates more upside for the $7.17B company. This technical setup was reported by Barchart.com. If the $85.03 PT is reached, the company will be worth $286.80 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. The stock increased 0.49% or $0.4 on November 23, hitting $81.76. About 143,744 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 17.79% since April 22, 2016 and is uptrending. It has outperformed by 12.38% the S&P500.
Analysts await American Financial Group Inc (NYSE:AFG) to report earnings on February, 7. They expect $1.59 earnings per share, up 4.61% or $0.07 from last year’s $1.52 per share. AFG’s profit will be $139.44M for 12.86 P/E if the $1.59 EPS becomes a reality. After $1.51 actual earnings per share 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 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.
Kcg Inc reported 20,358 shares or 0.03% of all its holdings. Nuveen Asset Mngmt Ltd Limited Liability Company, a Illinois-based fund reported 28,928 shares. Aperio Gru Limited Liability Corp, a California-based fund reported 173,223 shares. Madison Invest owns 7,596 shares or 0.01% of their US portfolio. Clark Cap Management Gru Inc has 49,347 shares for 0.24% of their US portfolio. Janus Capital Management Limited Com has 119,700 shares for 0.01% of their US portfolio. Kempen Cap Management Nv owns 3,548 shares or 0.03% of their US portfolio. Parkwood Ltd Liability accumulated 0.08% or 6,354 shares. James Inv holds 1.05% of its portfolio in American Financial Group Inc (NYSE:AFG) for 559,437 shares. Louisiana State Employees Retirement Systems accumulated 18,900 shares or 0.07% of the stock. Ajo L P has invested 0.16% of its portfolio in American Financial Group Inc (NYSE:AFG). Cubist Systematic Strategies last reported 8,757 shares in the company. Bnp Paribas Arbitrage has 0.02% invested in the company for 50,019 shares. Btim reported 101,328 shares or 0.13% of all its holdings. The Michigan-based Ls Investment Advisors Ltd Liability Corp has invested 0.02% in American Financial Group Inc (NYSE:AFG).
Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 20 sales for $43.19 million net activity. EVANS JAMES E sold $575,457 worth of stock. $87,512 worth of shares were sold by JACOBS TERRY S on Thursday, August 4. VERITY WILLIAM W had sold 2,046 shares worth $149,292. Peraino Vito C sold $303,883 worth of stock. LINDNER S CRAIG sold $2.44M worth of stock. $764,598 worth of shares were sold by BERDING JOHN B on Tuesday, November 8. $7.18M worth of American Financial Group Inc (NYSE:AFG) was sold by LINDNER CARL H III.
Another recent and important American Financial Group Inc (NYSE:AFG) news was published by Finance.Yahoo.com which published an article titled: “American Financial Group, Inc. Management to Participate in Meetings Hosted by …” on November 15, 2016.
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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