NN, Inc. (NNBR) Reaches $21.45 After 3.00% Down Move; New Vernon Investment Management Increased American Finl Group Ohio (AFG) Stake

June 14, 2018 - By Marguerite Chambers

American Financial Group, Inc. (NYSE:AFG) Logo

New Vernon Investment Management Llc increased American Finl Group Inc Ohio (AFG) stake by 17.61% reported in 2018Q1 SEC filing. New Vernon Investment Management Llc acquired 5,486 shares as American Finl Group Inc Ohio (AFG)’s stock declined 1.75%. The New Vernon Investment Management Llc holds 36,633 shares with $4.11M value, up from 31,147 last quarter. American Finl Group Inc Ohio now has $9.75B valuation. The stock decreased 0.12% or $0.135 during the last trading session, reaching $109.615. About 121,489 shares traded. American Financial Group, Inc. (NYSE:AFG) has risen 16.01% since June 14, 2017 and is uptrending. It has outperformed by 3.44% the S&P500. Some Historical AFG News: ; 02/05/2018 – American Fincl Group 1Q Net $145M; 02/05/2018 – American Fincl Group Backs FY18 Core Net Operating EPS $7.90-$8.40; 02/05/2018 – AFG CONTRACT W/ VALUE OF NOK125M EX. VAT; 18/04/2018 – AFG – NEW CONTRACT FOR AF GRUPPEN AT HASLE; 02/05/2018 – AFG – LAB ENTREPRENØR TO BUILD HARDANGERBADET; 01/05/2018 – Detailed Research: Economic Perspectives on NeoGenomics, Illinois Tool Works, Carriage Services, Gorman-Rupp, Fiesta Restaurant; 02/05/2018 – AFG SEES FY CORE OPER EPS $7.90 TO $8.40, EST. $8.22; 09/04/2018 – Financial 15 Split Corp. Announces Exchange Offering a High Quality Portfolio Consisting of 15 North American Financial Service; 25/04/2018 – As Intelligent Customer Care Platforms Experience Rapid Growth, Convergys Introduces Conversational Virtual Assistant Technology to Leading North American Financial Institution; 18/04/2018 – AFG – AF GRUPPEN TO BUILD NEW POWER STATION FOR STATKRAFT

The stock of NN, Inc. (NASDAQ:NNBR) is a huge mover today! The stock decreased 2.28% or $0.5 during the last trading session, reaching $21.45. About 116,210 shares traded. NN, Inc. (NASDAQ:NNBR) has declined 19.96% since June 14, 2017 and is downtrending. It has underperformed by 32.53% the S&P500. Some Historical NNBR News: ; 08/03/2018 NN INC – INCOME (LOSS) FROM CONTINUING OPERATIONS IN 2017 WAS FAVORABLY IMPACTED BY $52.3 MLN OF TAX BENEFIT DUE TO U.S. TAX REFORM; 05/04/2018 – Moody’s Says Nn, Inc.’s Announcement To Acquire Paragon Medical, Inc. Is A Strategic Credit Positive — B2 Cfr And Stable Outlook Unaffected; 03/04/2018 – BEECKEN PETTY O’KEEFE & CO SAYS HAS ENTERED INTO A DEFINITIVE AGREEMENT TO SELL PMG INTERMEDIATE HOLDING CORPORATION TO NN INC; 04/04/2018 – NN GROUP NV: NN GROUP APPOINTMENTS IN EXEC AND SPVY BOARDS; 04/04/2018 – NN INTENDS TO DESIGNATE DELFIN RUEDA CFO; 03/04/2018 – NN Inc Sees Deal Closing 2Q 201; 22/05/2018 – NN Closes Below 50-Day Moving Average: Technicals; 27/04/2018 – B&G MASTER FUND HOLDS 0.70 SHORT POSITION IN NN GROUP; 11/04/2018 – GETBACK SAYS NN POLISH PENSION FUND CUTS STAKE TO BELOW 5%; 09/05/2018 – NN INC QTRLY SHR LOSS $0.22The move comes after 7 months negative chart setup for the $593.44 million company. It was reported on Jun, 14 by Barchart.com. We have $20.81 PT which if reached, will make NASDAQ:NNBR worth $17.80M less.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.35, from 1.23 in 2017Q4. It fall, as 12 investors sold NN, Inc. shares while 30 reduced holdings. 11 funds opened positions while 26 raised stakes. 25.31 million shares or 3.04% more from 24.56 million shares in 2017Q4 were reported. Credit Suisse Ag holds 23,900 shares or 0% of its portfolio. Ameriprise holds 0% or 115,529 shares. Elk Creek Partners Ltd Liability Company has 0.8% invested in NN, Inc. (NASDAQ:NNBR) for 567,249 shares. Savings Bank Of Ny Mellon, New York-based fund reported 141,189 shares. Northern Trust has 0% invested in NN, Inc. (NASDAQ:NNBR) for 389,865 shares. Putnam Lc invested in 31,455 shares or 0% of the stock. 2.18 million are held by Jennison Assocs Ltd Liability Company. Envestnet Asset Management Incorporated holds 8,443 shares. Bridgeway Capital Mngmt owns 106,200 shares. Aqr Management Ltd Company holds 0% of its portfolio in NN, Inc. (NASDAQ:NNBR) for 10,764 shares. 10,000 were accumulated by Rbf Capital Llc. Ameritas Inv Prtn stated it has 2,378 shares. Yorktown And Research Com Inc stated it has 38,800 shares. California State Teachers Retirement System invested 0% in NN, Inc. (NASDAQ:NNBR). Raymond James accumulated 46,886 shares.

Among 8 analysts covering NN Inc (NASDAQ:NNBR), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. NN Inc has $37 highest and $16 lowest target. $28.57’s average target is 33.19% above currents $21.45 stock price. NN Inc had 12 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of NN, Inc. (NASDAQ:NNBR) earned “Hold” rating by Stifel Nicolaus on Monday, March 12. The firm has “Hold” rating by Stifel Nicolaus given on Monday, October 26. As per Friday, August 28, the company rating was upgraded by Zacks. The company was initiated on Wednesday, December 21 by Lake Street. SunTrust maintained NN, Inc. (NASDAQ:NNBR) rating on Thursday, September 28. SunTrust has “Buy” rating and $35.0 target. The firm earned “Overweight” rating on Friday, July 24 by Stephens. The firm has “Market Outperform” rating by Avondale given on Friday, March 11. As per Tuesday, August 18, the company rating was initiated by Stifel Nicolaus. The stock of NN, Inc. (NASDAQ:NNBR) has “Hold” rating given on Thursday, August 3 by Stifel Nicolaus. William Blair initiated the stock with “Mkt Perform” rating in Thursday, September 3 report.

Analysts await NN, Inc. (NASDAQ:NNBR) to report earnings on August, 1. They expect $0.38 EPS, down 25.49% or $0.13 from last year’s $0.51 per share. NNBR’s profit will be $10.51 million for 14.11 P/E if the $0.38 EPS becomes a reality. After $0.32 actual EPS reported by NN, Inc. for the previous quarter, Wall Street now forecasts 18.75% EPS growth.

NN, Inc., a diversified industrial company, makes high precision bearing components, industrial plastic products, and precision metal components to various markets in North America, Western Europe, Eastern Europe, South America, and China. The company has market cap of $593.44 million. The firm operates through three divisions: Precision Bearing Components Group, Precision Engineered Products Group, and Autocam Precision Components Group. It has a 3.65 P/E ratio. The Precision Bearing Components Group segment makes and sells precision steel balls that are used primarily by manufacturers of anti-friction bearings and constant velocity joints; steel rollers, including tapered rollers used in automotive gearbox applications, automotive wheel bearings, and various industrial applications; cylindrical rollers used in various industrial applications; and precision metal retainers for roller bearings.

Another recent and important NN, Inc. (NASDAQ:NNBR) news was published by Prnewswire.com which published an article titled: “NN, Inc. President and CEO and Wellington, Ohio Mayor Honor Veteran Robert H. Moulder in Recognition of Military …” on June 14, 2018.

New Vernon Investment Management Llc decreased Hartford Finl Svcs Group Inc (NYSE:HIG) stake by 14,420 shares to 116,598 valued at $6.01M in 2018Q1. It also reduced Third Pt Reins Ltd (NYSE:TPRE) stake by 25,121 shares and now owns 183,949 shares. Radian Group Inc (NYSE:RDN) was reduced too.

Investors sentiment decreased to 1.1 in 2018 Q1. Its down 0.01, from 1.11 in 2017Q4. It dropped, as 15 investors sold AFG shares while 120 reduced holdings. 50 funds opened positions while 98 raised stakes. 52.47 million shares or 0.63% more from 52.14 million shares in 2017Q4 were reported. Tci Wealth Advisors reported 0.01% of its portfolio in American Financial Group, Inc. (NYSE:AFG). 742,687 are held by Principal Financial Gru. Oakworth Cap Inc holds 0% of its portfolio in American Financial Group, Inc. (NYSE:AFG) for 100 shares. Gateway Advisers Limited Liability Co reported 154,106 shares or 0.15% of all its holdings. Cornerstone Advisors holds 14 shares or 0% of its portfolio. Alphamark Ltd Llc stated it has 0.01% in American Financial Group, Inc. (NYSE:AFG). Los Angeles Management Equity Research Inc holds 35,892 shares or 0.02% of its portfolio. Btim has 110,686 shares. Advantus Mngmt holds 8,465 shares. State Of Wisconsin Investment Board holds 0.02% or 65,260 shares in its portfolio. Perigon Wealth Management Lc invested 0.02% in American Financial Group, Inc. (NYSE:AFG). Massmutual Fsb Adv reported 11 shares. Citigroup owns 154,055 shares or 0.01% of their US portfolio. Georgia-based Signaturefd Limited Co has invested 0.01% in American Financial Group, Inc. (NYSE:AFG). Glenmede Tru Na stated it has 0% of its portfolio in American Financial Group, Inc. (NYSE:AFG).

Since December 15, 2017, it had 1 insider buy, and 6 insider sales for $27.48 million activity. 5,285 shares valued at $600,295 were sold by BERDING JOHN B on Thursday, March 22. Shares for $4.42M were sold by LINDNER S CRAIG. 51,000 American Financial Group, Inc. (NYSE:AFG) shares with value of $5.81 million were sold by Peraino Vito C. Another trade for 500 shares valued at $56,750 was made by JOSEPH GREGORY G on Monday, February 26. JACOBS TERRY S also sold $95,394 worth of American Financial Group, Inc. (NYSE:AFG) shares. 100,000 shares were sold by LINDNER CARL H III, worth $11.01M. Shares for $149,848 were sold by Drosos Virginia on Friday, December 15.

American Financial Group, Inc. (NYSE:AFG) Institutional Positions Chart

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