American Financial Group Inc (AFG) is Upgraded by Sandler O’Neill to Buy

American Financial Group Inc (AFG) was Upgraded by Sandler O’Neill to ” Buy”. Earlier the firm had a rating of “Hold ” on the company shares. Sandler O’Neill advised their investors in a research report released on Aug 12, 2016.

On the company’s financial health, American Financial Group Inc reported $1.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $1.26. The company had revenue of $1027.00 million for the quarter, compared to analysts expectations of $1093.93 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

American Financial Group Inc opened for trading at $73.17 and hit $73.8599 on the upside on Monday, eventually ending the session at $73.55, with a gain of 0.46% or 0.34 points. The heightened volatility saw the trading volume jump to 1,91,436 shares. Company has a market cap of $6,377 M.

In a different news, on Aug 8, 2016, S Craig Lindner (Co-CEO & Co-President) sold 75,000 shares at $72.63 per share price. According to the SEC, on Aug 8, 2016, Carl H Iii Lindner (Co-CEO & Co-President) sold 100,000 shares at $71.81 per share price. On Aug 8, 2016, William W Verity (director) sold 2,046 shares at $72.97 per share price, according to the Form-4 filing with the securities and exchange commission.

American Financial Group Inc. (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company through Great American Insurance Group provides property and casualty insurance commercial products and also engaged in the sale of fixed and fixed-indexed annuities in the retail financial institutions and education markets. The Company operates in four segments: Property and casualty insurance Annuity Run-off long-term care and life and Other. AFG’s property and casualty operations provide a range of commercial coverages through the approximately 30 insurance businesses. AFG sells traditional fixed and fixed-indexed annuities in the retail financial institutions and education markets through independent producers and through direct relationships with certain financial institutions. Run-off Long-term Care receives renewal premiums on its in-force block of life insurance policies.

American Financial Group Inc

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