Keefe, Bruyette & Woods began coverage on shares of American Financial Group (NYSE:AFG) in a research note issued on Thursday, Marketbeat.com reports. The brokerage set a “market perform” rating and a $107.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 14.56% from the stock’s previous close.

A number of other research analysts have also recently commented on AFG. ValuEngine cut American Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut American Financial Group from a “hold” rating to a “sell” rating in a research note on Monday, October 15th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $114.67.

Shares of AFG opened at $93.40 on Thursday. American Financial Group has a 52 week low of $84.18 and a 52 week high of $121.69. The firm has a market capitalization of $8.22 billion, a PE ratio of 14.26, a PEG ratio of 0.85 and a beta of 0.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.17 and a quick ratio of 0.17.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $2.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.31. American Financial Group had a return on equity of 15.39% and a net margin of 9.98%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company earned $1.06 EPS. American Financial Group’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts expect that American Financial Group will post 8.6 EPS for the current year.

In related news, CEO Carl H. Lindner III sold 28,668 shares of the firm’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $91.05, for a total transaction of $2,610,221.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory G. Joseph bought 1,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were bought at an average cost of $92.91 per share, with a total value of $92,910.00. Following the completion of the transaction, the director now owns 35,594 shares in the company, valued at $3,307,038.54. The disclosure for this purchase can be found here. 13.70% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Baird Financial Group Inc. raised its position in shares of American Financial Group by 1.6% in the 2nd quarter. Baird Financial Group Inc. now owns 34,693 shares of the insurance provider’s stock worth $3,724,000 after acquiring an additional 550 shares in the last quarter. Natixis raised its position in shares of American Financial Group by 80.6% in the 2nd quarter. Natixis now owns 103,686 shares of the insurance provider’s stock worth $11,093,000 after acquiring an additional 46,270 shares in the last quarter. Capital Fund Management S.A. bought a new position in shares of American Financial Group in the 2nd quarter worth about $258,000. Bank of America Corp DE raised its position in shares of American Financial Group by 23.6% in the 2nd quarter. Bank of America Corp DE now owns 507,225 shares of the insurance provider’s stock worth $54,440,000 after acquiring an additional 96,914 shares in the last quarter. Finally, Vident Investment Advisory LLC raised its position in shares of American Financial Group by 8.1% in the 2nd quarter. Vident Investment Advisory LLC now owns 35,522 shares of the insurance provider’s stock worth $3,812,000 after acquiring an additional 2,669 shares in the last quarter. 62.67% of the stock is owned by institutional investors and hedge funds.

About American Financial Group

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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