$AFG ranked positive on 8-Sep-20

Smart Insider $AFG ranked positive on 8-Sep-20

$AFG ranked positive on 8-Sep-20

Kenneth Ambrecht (Director since 2005) purchased $200,000 worth of stock on September 1st at $66.38, adding to the $440,000 he spent from May-August at prices ranging from $60-65. Despite being on the board for 15 years these are his first open market purchases. John Berding (President of American Money Management Corp, Director since 2012) has acquired $950,000 worth of shares in his 401k since May, at prices ranging from $55-67. Craig Lindner (Co-CEO & President, joined 1980) purchased $760,000 worth of shares in August at $63, in addition to the $3.5 million he added to his 401k from May-August. We believe Linder and Berding’s 401k purchases are discretionary. These are interesting and aggressive purchases from long-time directors who have limited open market activity in this stock.

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