Shares of American Financial Group, Inc. (NYSE:AFG – Get Free Report) have been given an average rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $150.75.
AFG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on American Financial Group from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Wednesday, July 8th. Weiss Ratings restated a “buy (b-)” rating on shares of American Financial Group in a research report on Thursday, June 11th. Wells Fargo & Company lifted their price objective on shares of American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Piper Sandler raised their target price on shares of American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th.
Get Our Latest Stock Report on AFG
Insider Activity
Hedge Funds Weigh In On American Financial Group
A number of hedge funds have recently modified their holdings of AFG. Royal Bank of Canada raised its holdings in shares of American Financial Group by 11.1% during the 1st quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider’s stock valued at $9,905,000 after purchasing an additional 7,554 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Financial Group in the first quarter worth about $2,330,000. Jones Financial Companies Lllp boosted its stake in shares of American Financial Group by 145.8% during the 1st quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider’s stock worth $168,000 after acquiring an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in American Financial Group by 144.8% during the second quarter. EverSource Wealth Advisors LLC now owns 793 shares of the insurance provider’s stock valued at $100,000 after purchasing an additional 469 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in American Financial Group by 62.4% during the second quarter. Cerity Partners LLC now owns 2,941 shares of the insurance provider’s stock valued at $371,000 after purchasing an additional 1,130 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.
American Financial Group Trading Up 0.1%
NYSE:AFG opened at $145.66 on Monday. American Financial Group has a one year low of $123.09 and a one year high of $150.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of 12.73 and a beta of 0.62. The business’s 50-day simple moving average is $138.53 and its 200 day simple moving average is $133.35.
American Financial Group (NYSE:AFG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.50. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.14 earnings per share. As a group, sell-side analysts predict that American Financial Group will post 11.37 earnings per share for the current fiscal year.
American Financial Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.88 per share. The ex-dividend date was Wednesday, July 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. American Financial Group’s payout ratio is currently 30.77%.
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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