Shares of American Financial Group Inc. (NYSE:AFG) reached a new 52-week high during trading 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 analysts have recently commented on AFG shares. Sandler O’Neill upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and increased their price target for the company from $74.00 to $81.00 in a research report on Friday, August 12th. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Monday, August 8th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of American Financial Group in a research report on Thursday, June 30th.

The stock has a 50 day moving average price of $73.47 and a 200 day moving average price of $71.21. The stock has a market cap of $6.50 billion and a PE ratio of 19.13.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $1.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.01. The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $1.28 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that American Financial Group Inc. will post $5.69 EPS for the current year.

In related news, CEO S Craig Lindner sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $72.13, for a total transaction of $5,409,750.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James E. Evans sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $75.16, for a total transaction of $1,127,400.00. Following the transaction, the director now directly owns 148,001 shares in the company, valued at $11,123,755.16. 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 about 0.18% of American Financial Group worth $11,484,000 as of its most recent SEC filing.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.