Magnetic and thermodynamical properties of the half-filled Hubbard model on the simple-cubic lattice have been investigated by using the two analytical theories for band magnetism: the single-site spin fluctuation (SSF) theory proposed independently by Hubbard and Hasegawa and the Gutzwiller-type variational approach (VA) developed by Kakehashi and Fulde. We have calculated, as a function of the temperature T and the electron-electron interaction U, the sublattice magnetization, amplitude of local moments, susceptibilities, energy, and entropy, from which the U-T phase diagram is obtained. Our ground-state results, particularly of the VA, are in good agreement with those obtained in the variational Monte Carlo calculations performed by Yokoyama and Shiba. Our finite-temperature calculations are compared with those in the recent Monte Carlo (MC) simulations made by Hirsch. It is shown that, as far as local quantities such as the amplitude of local moments and the Curie constants are concerned, our results are consistent with the MC results. It is realized, however, that the antiferromagnetic correlation is much overestimated in a small 4×4×4 cluster in Hirschs MC simulation, yielding Néel temperatures, TN, about 70% higher than those in the mean-field-type theories of the SSF and VA approaches. © 1988 The American Physical Society.