Large Inflow of Money Detected in American Financial Group

American Financial Group (AFG): $3.54 million was the positive money flow into the stock on Tuesday and the up/down ratio of ticks was also in favor of the bulls at 3.06. The value of trades done on upticks was $5.26 million, whereas, trades done on downticks were valued at $1.72 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $3.74 million worth stocks on upticks, which is a bullish indication. The money flow in block trades was $3.74 million. American Financial Group (AFG) fell $0.05 traded at $75.09, a change of -0.07% over the previous day. The stock is 0.95% for the week.


Also, Sandler ONeill upgrades its rating on American Financial Group (NYSE:AFG). Analysts at the Sandler ONeill have a current rating of Buy on the shares. The shares were previously rated Hold. The rating by the firm was issued on August 12, 2016.

Shares of American Financial Group Inc. rose by 2.41% in the last five trading days and 3.94% for the last 4 weeks. American Financial Group Inc. is up 3.68% in the last 3-month period. Year-to-Date the stock performance stands at 6.2%.

American Financial Group (NYSE:AFG): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $75.07 and $74.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $75.67. The buying momentum continued till the end and the stock did not give up its gains. It closed at $75.63, notching a gain of 0.65% for the day. The total traded volume was 510,379 . The stock had closed at $75.14 on the previous day.

In a related news,The director officer (Co-CEO & Co-President) of American Financial Group Inc, Lindner Carl H Iii sold 100,000 shares at $73.77 on August 16, 2016. The Insider selling transaction had a total value worth of $7,377,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 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, 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. AFGs 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.