American Financial Group, Inc. (NYSE:AFG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of American Financial Group, Inc. (NYSE:AFGGet Free Report) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $145.00.

A number of research analysts recently commented on AFG shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Piper Sandler raised their price objective on shares of American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Wells Fargo & Company raised their price objective on shares of American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, March 25th.

Read Our Latest Analysis on American Financial Group

Institutional Trading of American Financial Group

A number of large investors have recently added to or reduced their stakes in the business. Steph & Co. raised its position in American Financial Group by 11.5% during the first quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 81 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its position in American Financial Group by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock worth $252,000 after acquiring an additional 83 shares in the last quarter. Valmark Advisers Inc. raised its position in American Financial Group by 1.0% during the first quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock worth $1,061,000 after acquiring an additional 85 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in American Financial Group by 3.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,061 shares of the insurance provider’s stock worth $391,000 after acquiring an additional 88 shares in the last quarter. Finally, JB Capital LLC raised its position in American Financial Group by 2.1% during the fourth quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock worth $583,000 after acquiring an additional 89 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Price Performance

NYSE AFG opened at $132.89 on Friday. American Financial Group has a 12 month low of $122.11 and a 12 month high of $150.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market capitalization of $11.04 billion, a PE ratio of 12.63 and a beta of 0.64. The company’s 50 day simple moving average is $132.32 and its 200 day simple moving average is $131.74.

American Financial Group (NYSE:AFGGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the business earned $1.81 EPS. American Financial Group’s revenue was down .1% compared to the same quarter last year. As a group, equities research analysts forecast that American Financial Group will post 11.37 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s dividend payout ratio (DPR) is presently 33.46%.

About American Financial Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for American Financial Group (NYSE:AFG)

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