American Financial Group (NYSE:AFG) Given New $150.00 Price Target at Keefe, Bruyette & Woods

American Financial Group (NYSE:AFG) had its price objective increased by equities researchers at Keefe, Bruyette & Woods from $147.00 to $150.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods‘s price target points to a potential downside of 2.96% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings upgraded shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen cut American Financial Group from a “buy” rating to a “hold” rating in a report on Saturday. Piper Sandler boosted their target price on shares of American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Wells Fargo & Company increased their target price on shares of American Financial Group from $166.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $157.00.

American Financial Group Price Performance

Shares of American Financial Group stock opened at $154.57 on Monday. 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 fifty day moving average of $144.87 and a 200-day moving average of $137.00. The stock has a market capitalization of $12.82 billion, a price-to-earnings ratio of 12.61 and a beta of 0.55. American Financial Group has a 52-week low of $123.09 and a 52-week high of $159.61.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $3.97 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $2.69 earnings per share. Equities research analysts expect that American Financial Group will post 12.29 EPS for the current year.

Insider Activity at American Financial Group

In other American Financial Group news, CFO Brian Hertzman sold 950 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $142.87, for a total value of $135,726.50. Following the sale, the chief financial officer directly owned 11,123 shares of the company’s stock, valued at approximately $1,589,143.01. This represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 16.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of AFG. BlackRock Inc. purchased a new position in shares of American Financial Group during the 2nd quarter valued at approximately $1,079,329,000. Bank of New York Mellon Corp acquired a new position in shares of American Financial Group in the 2nd quarter valued at $102,590,000. Bank of America Corp DE purchased a new stake in American Financial Group during the second quarter worth $53,939,000. Arrowstreet Capital Limited Partnership boosted its holdings 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 buying an additional 332,517 shares in the last quarter. Finally, First Trust Advisors LP grew its position in American Financial Group by 433.2% during the first quarter. First Trust Advisors LP now owns 316,974 shares of the insurance provider’s stock valued at $40,481,000 after buying an additional 257,522 shares during the period. 64.37% of the stock is owned by institutional investors and hedge funds.

About American Financial Group

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.

The company traces its roots to 1959, while its Great American Insurance Company subsidiary was founded in 1872.