American Financial Group (NYSE:AFG) Price Target Raised to $150.00

American Financial Group (NYSE:AFG) had its target price hoisted by investment analysts at Piper Sandler from $135.00 to $150.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s price target would indicate a potential upside of 5.36% from the company’s current price.

Separately, BMO Capital Markets lifted their price target on American Financial Group from $132.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, October 8th.

American Financial Group Stock Performance

Shares of AFG traded up $0.16 during mid-day trading on Tuesday, hitting $142.37. The stock had a trading volume of 37,850 shares, compared to its average volume of 301,504. American Financial Group has a 52 week low of $107.73 and a 52 week high of $142.85. The business has a fifty day moving average price of $134.09 and a 200-day moving average price of $129.88. The firm has a market cap of $11.95 billion, a P/E ratio of 13.33 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 20.45%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the company posted $2.45 earnings per share. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that American Financial Group will post 10.93 EPS for the current year.

Institutional Investors Weigh In On American Financial Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of American Financial Group by 59.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,473 shares of the insurance provider’s stock valued at $201,000 after acquiring an additional 547 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in American Financial Group in the 1st quarter worth $217,000. SG Americas Securities LLC increased its position in shares of American Financial Group by 7.4% in the first quarter. SG Americas Securities LLC now owns 2,642 shares of the insurance provider’s stock valued at $361,000 after acquiring an additional 182 shares during the period. QRG Capital Management Inc. raised its stake in shares of American Financial Group by 4.5% during the first quarter. QRG Capital Management Inc. now owns 3,798 shares of the insurance provider’s stock valued at $518,000 after acquiring an additional 165 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of American Financial Group by 4.9% during the first quarter. US Bancorp DE now owns 11,019 shares of the insurance provider’s stock worth $1,504,000 after purchasing an additional 514 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.