Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. American Financial Group Inc shares valued at $150,205 were purchased by Murray Amy Y on Jun 28 ’24. At $125.17 per share, Murray Amy Y acquired 1,200 shares. The insider’s holdings grew to 1,200 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Evans James E sold 2,274 shares, netting a total of over 292,538 in proceeds. Following the sale of shares at $128.64 each, the insider now holds 105,302 shares.
Before that, Gillis Michelle A had sold 2,053 shares from its account. In a trade valued at $260,331, the Senior Vice President traded American Financial Group Inc shares for $126.81 each. Upon closing the transaction, the insider’s holdings decreased to 2,053 shares, worth approximately $6.5 million.
As published in a research note from Citigroup on June 28, 2024, American Financial Group Inc [AFG] has been rated down from a Buy to a Neutral and the price target has been revised to $137 from $144. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of December 14, 2023, Janney has initiated its “Buy” rating for AFG. Earlier on November 22, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for AFG stock.
Analyzing AFG Stock Performance
During the last five days, there has been a surge of approximately 2.62%. Over the course of the year, American Financial Group Inc shares have jumped approximately 14.88%. Shares of the company reached a 52-week high of $138.81 on 10/10/24 and a 52-week low of $115.64 on 02/07/24. A 50-day SMA is recorded $133.94, while a 200-day SMA reached $129.03. Nevertheless, trading volume fell to 0.57 million shares from 0.24 million shares the previous day.
Support And Resistance Levels for American Financial Group Inc (AFG)
According to the 24-hour chart, there is a support level at 131.54, which, if violated, would cause prices to drop to 129.28. In the upper region, resistance lies at 135.08. The next price resistance is at 136.36. RSI (Relative Strength Index) is 54.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.36, which suggests the price will decrease in the coming days. Percent R is at 37.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
