American Financial Group (NYSE:AFG – Get Free Report) had its target price boosted by equities research analysts at Keefe, Bruyette & Woods from $148.00 to $153.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.61% from the company’s current price.
Other research analysts have also issued reports about the company. Wells Fargo & Company raised their price target on American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Finally, Piper Sandler increased their price target on shares of American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $156.00.
Check Out Our Latest Report on AFG
American Financial Group Price Performance
American Financial Group (NYSE:AFG – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.50. The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.85 billion. American Financial Group had a return on equity of 20.35% and a net margin of 11.51%.American Financial Group’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.14 earnings per share. Research analysts anticipate that American Financial Group will post 11.37 EPS for the current year.
Insider Buying and Selling at American Financial Group
In other news, VP Mark A. Weiss sold 2,813 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $144.76, for a total value of $407,209.88. Following the sale, the vice president directly owned 6,648 shares in the company, valued at approximately $962,364.48. This trade represents a 29.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Lawrence Thompson, Jr. sold 11,370 shares of American Financial Group stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total transaction of $1,535,518.50. Following the sale, the insider directly owned 584,098 shares of the company’s stock, valued at approximately $78,882,434.90. This trade represents a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 16,430 shares of company stock valued at $2,255,061. Insiders own 16.90% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Steph & Co. increased its holdings in shares of American Financial Group by 11.5% in the 1st quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 81 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its position in shares of American Financial Group by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock worth $252,000 after buying an additional 83 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in shares of American Financial Group by 1.0% in the 1st quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock valued at $1,061,000 after buying an additional 85 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of American Financial Group by 3.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,061 shares of the insurance provider’s stock valued at $391,000 after buying an additional 88 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in American Financial Group by 2.2% during the 4th quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock worth $621,000 after acquiring an additional 98 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.
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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