American Financial Group Sets New 52-Week High at $60.11 (AFG)
American Financial Group (NYSE:AFG) shares hit a new 52-week high during trading on Friday , Stock Ratings Network reports. The company traded as high as $60.11 and last traded at $60.04, with a volume of 103,536 shares traded. The stock had previously closed at $59.64.
A number of research firms have recently commented on AFG. Analysts at Zacks reiterated a “neutral” rating on shares of American Financial Group in a research note on Tuesday. They now have a $62.00 price target on the stock. Analysts at Raymond James raised their price target on shares of American Financial Group from $60.00 to $62.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock.
The stock has a 50-day moving average of $58.05 and a 200-day moving average of $57.86. The company has a market cap of $5.363 billion and a P/E ratio of 12.12.
American Financial Group (NYSE:AFG) last announced its earnings results on Monday, July 28th. The company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.11. The company had revenue of $931.00 million for the quarter, compared to the consensus estimate of $845.50 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue for the quarter was up 31.3% on a year-over-year basis. On average, analysts predict that American Financial Group will post $4.78 earnings per share for the current fiscal year.
In other American Financial Group news, CEO S Craig Lindner sold 40,000 shares of American Financial Group stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $57.93, for a total value of $2,317,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
American Financial Group, Inc (NYSE:AFG) is a holding company, which through subsidiaries, is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses and in the sale of traditional fixed and fixed-indexed annuities in the individual, bank and education markets.
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