American Financial Group Inc (NYSE: AFG) is -6.05% lower on its value in year-to-date trading and has touched a low of $110.10 and a high of $150.19 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AFG stock was last observed hovering at around $127.54 in the last trading session, with the day’s gains setting it 1.11%.
Currently trading at $128.65, the stock is -4.38% and -6.64% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing 0.87% at the moment leaves the stock -0.86% off its SMA200. AFG registered 13.95% gain for a year compared to 6-month gain of 6.47%. The firm has a 50-day simple moving average (SMA 50) of $138.1092 and a 200-day simple moving average (SMA200) of $132.4179.
The stock witnessed a -2.82% loss in the last 1 month and extending the period to 3 months gives it a 4.39%, and is -6.89% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.87% over the week and 2.07% over the month.
American Financial Group Inc (AFG) has around 8500 employees, a market worth around $10.80B and $8.28B in sales. Current P/E ratio is 12.17 and Fwd P/E is 10.21. Profit margin for the company is 10.72%. Distance from 52-week low is 16.85% and -14.34% from its 52-week high. The company has generated returns on investments over the last 12 months (13.82%).
The EPS is expected to grow by 8.40% this year
611.0 institutions hold shares in American Financial Group Inc (AFG), with institutional investors hold 78.24% of the company’s shares. The shares outstanding are 84.00M, and float is at 73.24M with Short Float at 1.40%. Institutions hold 64.36% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 7.77 million shares valued at $955.79 million. The investor’s holdings represent 9.2824 of the AFG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.77 million shares valued at $955.55 million to account for 9.2801 of the shares outstanding. The other top investors are FMR LLC which holds 5.31 million shares representing 6.3487 and valued at over $653.71 million, while VICTORY CAPITAL MANAGEMENT INC holds 4.4656 of the shares totaling 3.74 million with a market value of $459.81 million.
American Financial Group Inc (AFG) Insider Activity
The most recent transaction is an insider purchase by Murray Amy Y, the company’s Director. SEC filings show that Murray Amy Y bought 1,200 shares of the company’s common stock on Jun 28 ’24 at a price of $125.17 per share for a total of $0.15 million. Following the purchase, the insider now owns 1200.0 shares.
American Financial Group Inc disclosed in a document filed with the SEC on Mar 12 ’24 that Evans James E (Director) sold a total of 2,274 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $128.64 per share for $0.29 million. Following the transaction, the insider now directly holds 0.11 million shares of the AFG stock.
Still, SEC filings show that on Mar 01 ’24, Gillis Michelle A (Senior Vice President) disposed off 2,053 shares at an average price of $126.81 for $0.26 million. The insider now directly holds 48,554 shares of American Financial Group Inc (AFG).
