November 30, 2016 - By Ellis Scott · 0 Comments
American Financial Group Inc (NYSE:AFG) institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.08, from 0.94 in 2016Q1. The ratio has increased, as 127 hedge funds increased or opened new holdings, while 135 sold and reduced their stakes in American Financial Group Inc. The hedge funds in our partner’s database now hold: 50.80 million shares, down from 55.93 million shares in 2016Q1. Also, the number of hedge funds holding American Financial Group Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 34 Reduced: 101 Increased: 104 New Position: 23.
American Financial Group, Inc. is a holding firm engaged primarily in property and casualty insurance businesses. The company has a market cap of $7.21 billion. 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. It has a 18.64 P/E ratio. The Firm has four divisions: Property and casualty insurance, Annuity, Run-off long-term care and life, and Other.
About 16,121 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 18.74% since April 27, 2016 and is uptrending. It has outperformed by 13.51% 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 $138.91M for 12.98 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.”
American Financial Group Inc 401(K) Retirement & Savings Plan holds 100% of its portfolio in American Financial Group Inc for 3.03 million shares. New Vernon Investment Management Llc owns 44,450 shares or 2.87% of their US portfolio. Moreover, Malaga Cove Capital Llc has 2.04% invested in the company for 35,122 shares. The Wisconsin-based Reinhart Partners Inc. has invested 1.55% in the stock. Covington Investment Advisors Inc., a Pennsylvania-based fund reported 42,865 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 20 insider sales for $43.19 million net activity.
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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By Ellis Scott