American Financial Group Inc. (NYSE:AFG) hit a new 52-week high on Wednesday . The stock traded as high as $75.80 and last traded at $75.07, with a volume of 159,948 shares changing hands. The stock had previously closed at $75.63.

Several equities research analysts recently weighed in on AFG shares. Zacks Investment Research cut American Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. Sandler O’Neill raised American Financial Group from a “hold” rating to a “buy” rating and upped their price target for the company from $74.00 to $81.00 in a research report on Friday, August 12th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of American Financial Group in a research report on Thursday, June 30th.

The company’s 50-day moving average price is $73.34 and its 200-day moving average price is $71.15. The firm has a market capitalization of $6.52 billion and a price-to-earnings ratio of 19.18.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, August 2nd. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. During the same quarter in the prior year, the firm posted $1.28 earnings per share. The firm earned $1.58 billion during the quarter, compared to analysts’ expectations of $1.06 billion. American Financial Group’s quarterly revenue was up 4.3% on a year-over-year basis. On average, equities research analysts forecast that American Financial Group Inc. will post $5.62 earnings per share for the current fiscal year.

In other American Financial Group news, insider John B. Berding sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $74.46, for a total transaction of $446,760.00. Following the sale, the insider now directly owns 81,297 shares in the company, valued at $6,053,374.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carl H. Lindner III sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $73.84, for a total value of $7,384,000.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in American Financial Group stock. Morgan Stanley increased its position in shares of American Financial Group Inc. (NYSE:AFG) by 34.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 159,323 shares of the company’s stock after buying an additional 40,653 shares during the period. Morgan Stanley owned approximately 0.18% of American Financial Group worth $11,484,000 at the end of the most recent reporting period.

American Financial Group, Inc (AFG) is a holding company 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.

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