November 23, 2016 - By Ruchi Gupta
After the publishing of a form filled with U.S. Security & Exchange Commission; a huge and important deal became apparent. The Co-CEO & Co-President of American Financial Group Inc, Craig Lindner; performed a huge trade in the open market by unloading 30,000 shares at the average stock price of $81.4 of the company having a market value of $2,440,519 US Dollars. This is not his first insider trade, in the last month, he unloaded another 50,000 shares worth $3,776,076 USD. Due to the significance of this transaction, it will not remain unnoticed. He owns 5.84% of the -company’s market cap with a total of 5.09 million shares.
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. 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.
Metropolitan Life Insurance Ny holds 66,707 shares or 0.04% of its portfolio. California Employees Retirement System last reported 0.03% of its portfolio in the stock. Bartlett & Ltd Llc, a Ohio-based fund reported 1,508 shares. Vident Inv Advisory Ltd Liability Company, a Georgia-based fund reported 30,375 shares. Fifth Third Comml Bank holds 552 shares or 0% of its portfolio. Moreover, Legg Mason Asset (Japan) has 1.02% invested in American Financial Group Inc (NYSE:AFG) for 12,850 shares. Winslow Evans And Crocker Inc holds 68 shares or 0% of its portfolio. Goldman Sachs Gp, a New York-based fund reported 482,304 shares. New Vernon Invest Mgmt Ltd Liability Corp accumulated 2.87% or 44,450 shares. Gemmer Asset holds 146 shares or 0.01% of its portfolio. Virginia Retirement Et Al has 3,400 shares for 0% of their US portfolio. Ny State Teachers Retirement has 157,726 shares for 0.03% of their US portfolio. James Rech holds 1.05% of its portfolio in American Financial Group Inc (NYSE:AFG) for 559,437 shares. Legal And General Public Lc, a United Kingdom-based fund reported 56,928 shares. Bridgeway Capital last reported 39,800 shares in the company.
Insider Transactions: Since August 4, 2016, the stock had 0 insider buys, and 19 selling transactions for $40.75 million net activity. The insider JACOBS TERRY S sold 1,223 shares worth $87,512. VERITY WILLIAM W had sold 2,046 shares worth $149,292. Another trade for 7,500 shares valued at $575,457 was sold by EVANS JAMES E. Another trade for 2,450 shares valued at $183,975 was sold by Peraino Vito C. $760,225 worth of American Financial Group Inc (NYSE:AFG) was sold by BERDING JOHN B. On Tuesday, August 16 the insider LINDNER CARL H III sold $7.38 million. LINDNER S CRAIG sold $3.78 million worth of stock or 50,000 shares.
The stock increased 0.49% or $0.4 during the last trading session, hitting $81.76. About 143,744 shares traded hands. American Financial Group Inc (NYSE:AFG) has risen 18.36% since April 21, 2016 and is uptrending. It has outperformed by 13.03% the S&P500.
American Financial Group, Inc. is a holding firm engaged primarily in property and casualty insurance businesses. The company has a market cap of $7.17 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 18.47 P/E ratio. The Firm has four divisions: Property and casualty insurance, Annuity, Run-off long-term care and life, and Other.
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.”
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 $139.44M for 12.86 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.
Another recent and important American Financial Group Inc (NYSE:AFG) news was published by Businesswire.com which published an article titled: “American Financial Group, Inc. Management to Participate in Meetings Hosted by ..” on November 15, 2016.
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 Ruchi Gupta