The stock of American Financial Group Inc (NYSE:AFG) hit a new 52-week high and has $87.23 target or 6.00% above today’s $82.29 share price. The 5 months bullish chart indicates low risk for the $7.19 billion company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $87.23 price target is reached, the company will be worth $431.40M 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. The stock last traded at $82.29 per share. It is down 18.98% since April 25, 2016 and is uptrending. It has outperformed by 12.97% the S&P500.
Analysts await American Financial Group Inc (NYSE:AFG) to report earnings on February, 7. They expect $1.59 EPS, up 4.61% or $0.07 from last year’s $1.52 per share. AFG’s profit will be $138.92 million for 12.94 P/E if the $1.59 EPS becomes a reality. After $1.51 actual EPS 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 Q2 2016. Its up 0.08, from 0.94 in 2016Q1. The ratio is positive, 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.
Cramer Rosenthal Mcglynn Ltd Liability Corporation holds 0.63% of its portfolio in American Financial Group Inc (NYSE:AFG) for 525,693 shares. Da Davidson &, a Montana-based fund reported 3,180 shares. Lsv Asset Mgmt accumulated 3.22 million shares or 0.49% of the stock. Point72 Asia (Hong Kong), a Hong Kong-based fund reported 300 shares. State Common Retirement Fund holds 0.02% of its portfolio in American Financial Group Inc (NYSE:AFG) for 193,320 shares. Sei accumulated 82,773 shares or 0.04% of the stock. Amer Fincl Group 401(K) Retirement And Savings Plan, a Ohio-based fund reported 3.03 million shares. The Illinois-based Prudential Public Limited has invested 0.08% in American Financial Group Inc (NYSE:AFG). Monarch Prns Asset Mgmt accumulated 68,106 shares or 0.51% of the stock. Northcoast Asset Management Lc holds 44,770 shares or 0.23% of its portfolio. Acadian Asset Mngmt Limited Company holds 0.03% of its portfolio in American Financial Group Inc (NYSE:AFG) for 82,482 shares. Aqr Management Limited Liability Corp has invested 0.16% of its portfolio in American Financial Group Inc (NYSE:AFG). Moreover, Renaissance Ltd Limited Liability Company has 0.02% invested in American Financial Group Inc (NYSE:AFG) for 171,000 shares. Covington Incorporated, a Pennsylvania-based fund reported 42,865 shares. Dana Invest Advisors accumulated 63,954 shares or 0.21% of the stock.
Insider Transactions: Since August 4, 2016, the stock had 0 buys, and 20 sales for $43.19 million net activity. $3.78M worth of shares were sold by LINDNER S CRAIG on Thursday, November 3. 20,324 American Financial Group Inc (NYSE:AFG) shares with value of $1.50 million were sold by BERDING JOHN B. Peraino Vito C sold $303,883 worth of stock or 4,041 shares. VERITY WILLIAM W also sold $149,292 worth of American Financial Group Inc (NYSE:AFG) on Friday, August 5. 15,000 American Financial Group Inc (NYSE:AFG) shares with value of $1.13M were sold by EVANS JAMES E. The insider LINDNER CARL H III sold $7.38M. JACOBS TERRY S had sold 400 shares worth $30,229 on Friday, September 23.
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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