Momentum Stock Watch: American Financial Group (AFG)

Company Profile:

American Financial Group, Inc. is an insurance holding company, based in Cincinnati, Ohio with assets of approximately $70 billion as of September 30, 2020. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and indexed annuities in the retail, financial institutions, broker-dealer, and registered investment advisor markets. American Financial Group, Inc. was founded in 1872 and is headquartered in Cincinnati, Ohio.

Recent News:

On January 27, 2021, the company announced that it has entered into a definitive agreement to sell its Annuity business to Massachusetts Mutual Life Insurance Company (MassMutual) for $3.5 billion in cash.

On January, 04, 2021, the company has declared a regular dividend of $0.50 per share of American Financial Group Common Stock. The dividend is payable on January 25, 2021 to holders of record on January 15, 2021.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AFG’s strengths can be seen in its better growth and better profitability compared with its peers. Its reveune has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI stands at 60.34 with positive bias. We rate American Financial Group (AFG) a STRONG BUY.

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