Shares of American Financial Group, Inc. (NYSE:AFG – Get Free Report) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $143.75.
AFG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods lifted their target price on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, March 25th. Piper Sandler raised their target price on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Finally, Wells Fargo & Company upped their price target on shares of American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th.
Insider Buying and Selling at American Financial Group
Hedge Funds Weigh In On American Financial Group
A number of large investors have recently added to or reduced their stakes in AFG. ProShare Advisors LLC boosted its position in American Financial Group by 8.0% during the 3rd quarter. ProShare Advisors LLC now owns 278,279 shares of the insurance provider’s stock worth $40,551,000 after acquiring an additional 20,554 shares during the last quarter. Allianz Asset Management GmbH boosted its position in American Financial Group by 9.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 335,673 shares of the insurance provider’s stock worth $48,914,000 after acquiring an additional 29,593 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in American Financial Group by 10.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock worth $164,293,000 after acquiring an additional 110,872 shares during the last quarter. Capula Management Ltd acquired a new position in American Financial Group during the 3rd quarter worth approximately $2,087,000. Finally, JPMorgan Chase & Co. boosted its position in American Financial Group by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 407,772 shares of the insurance provider’s stock worth $59,421,000 after acquiring an additional 99,898 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.
American Financial Group Stock Down 0.4%
Shares of NYSE AFG opened at $136.29 on Wednesday. The stock has a market cap of $11.32 billion, a P/E ratio of 12.96 and a beta of 0.65. The firm has a 50 day moving average price of $130.09 and a 200 day moving average price of $132.50. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48. American Financial Group has a 52-week low of $120.52 and a 52-week high of $150.02.
American Financial Group (NYSE:AFG – Get Free Report) last posted its earnings results on Thursday, April 30th. The insurance provider reported $2.47 earnings per share for the quarter, missing the consensus estimate of $2.54 by ($0.07). The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.81 earnings per share. Analysts expect that American Financial Group will post 11.21 EPS for the current year.
American Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 15th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s dividend payout ratio is 33.46%.
About American Financial Group
American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.
The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.
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