American Financial Group (NYSE:AFG – Free Report) had its target price upped by Keefe, Bruyette & Woods from $147.00 to $150.00 in a research report sent to investors on Monday morning, Marketbeat Ratings reports. The firm currently has a market perform rating on the insurance provider’s stock.
Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company upped their price target on American Financial Group from $166.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Wall Street Zen lowered American Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Piper Sandler lifted their price objective on American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Weiss Ratings upgraded American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, American Financial Group currently has an average rating of “Moderate Buy” and a consensus target price of $159.00.
Check Out Our Latest Research Report on AFG
American Financial Group Stock Performance
NYSE:AFG opened at $161.19 on Monday. The firm’s 50-day moving average is $145.90 and its 200-day moving average is $137.46. American Financial Group has a 52-week low of $123.09 and a 52-week high of $161.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $13.34 billion, a price-to-earnings ratio of 12.46 and a beta of 0.55.
American Financial Group (NYSE:AFG – Get Free Report) last announced its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $3.97 EPS for the quarter, beating analysts’ consensus estimates of $3.80 by $0.17. American Financial Group had a net margin of 11.96% and a return on equity of 22.56%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. Equities research analysts anticipate that American Financial Group will post 12.51 earnings per share for the current year.
American Financial Group Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be paid a $3.50 dividend. The ex-dividend date of this dividend is Monday, November 16th. American Financial Group’s payout ratio is presently 31.65%.
Insiders Place Their Bets
In other American Financial Group news, CFO Brian Hertzman sold 301 shares of the firm’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $155.29, for a total transaction of $46,742.29. Following the completion of the transaction, the chief financial officer owned 1,553 shares in the company, valued at $241,165.37. This trade represents a 16.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 16.90% of the stock is currently owned by insiders.
Institutional Investors Weigh In On American Financial Group
A number of institutional investors have recently added to or reduced their stakes in AFG. BlackRock Inc. bought a new position in shares of American Financial Group during the 2nd quarter worth approximately $1,079,329,000. Dimensional Fund Advisors LP grew its position in American Financial Group by 19.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,506,510 shares of the insurance provider’s stock valued at $192,395,000 after acquiring an additional 240,509 shares during the period. Bank of New York Mellon Corp acquired a new position in American Financial Group during the second quarter worth $102,590,000. Arrowstreet Capital Limited Partnership raised its stake in American Financial Group by 337.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 431,144 shares of the insurance provider’s stock worth $55,061,000 after acquiring an additional 332,517 shares in the last quarter. Finally, Bahl & Gaynor LLC raised its stake in American Financial Group by 1.8% during the third quarter. Bahl & Gaynor LLC now owns 399,671 shares of the insurance provider’s stock worth $54,659,000 after acquiring an additional 6,954 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.
American Financial Group Company Profile
American Financial Group, Inc. is an insurance holding company headquartered in Cincinnati, Ohio. Through Great American Insurance Group, it provides property and casualty insurance, with a focus on specialty commercial markets and coverage tailored to specific industries and customer needs. Its products include insurance for businesses, farms and agricultural operations, and individuals, offered through a network of independent agents and brokers. AFG’s insurance operations serve customers primarily in the United States, with some products and services available internationally.
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