American Financial Group, Inc. (NYSE: AFG) stocks have received a consensus rating of “buy” from the seven rating companies that cover the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given the company a buy recommendation. The average target price for 12 months among analysts who released a report on the stock last year is $ 98.20.
Several brokers have recently commented on AFG. Zacks Investment Research upgraded American Financial Group’s shares from a “hold” rating to a “buy” rating and in a report on Tuesday, December 15, set a price target of $ 92.00 on the stock. Credit Suisse Group raised its price target for shares in the American Financial Group from USD 95.75 to USD 110.00 and rated the shares as “Outperform” in a report on Thursday, January 28th. TheStreet upgraded American Financial Group’s shares from a “c +” rating to a “b” rating in a report on Friday, February 5th. Finally, Piper Sandler raised its price target for shares in American Financial Group from $ 110.00 to $ 125.00 and rated the stock as overweight in a report on Monday, March 1st.
In other American Financial Group news, director Lehman John I. sold 1,264 shares in the company in a transaction that occurred on Thursday, March 18. The shares were sold at an average price of $ 119.10 for a total value of $ 150,542.40. Following the sale, the director now holds 11,910 shares in the company valued at $ 1,418,481. The sale was disclosed in a document filed with the Securities & Exchange Commission and accessible via this link. In addition, VP Vito C. Peraino bought 2,500 shares in the company in a transaction on Friday, February 5th. The stock was purchased at an average price of $ 96.39 per share for a total transaction of $ 240,975.00. Following the transaction, the vice president now directly owns 77,889 shares in the company valued at $ 7,507,720.71. The disclosure for this purchase can be found here. Company insiders own 12.10% of the company’s stock.
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Institutional investors have recently changed their business holdings. Smith Asset Management Group LP acquired a new stake in American Financial Group worth approximately $ 25,000 in the fourth quarter. MCF Advisors LLC acquired a new stake in American Financial Group worth approximately $ 44,000 in the fourth quarter. Signaturefd LLC increased its position in the American Financial Group by 44.4% in the fourth quarter. Signaturefd LLC now owns 566 shares in the insurer valued at $ 50,000 after purchasing an additional 174 shares last quarter. Vestor Capital LLC acquired a new stake in American Financial Group worth approximately $ 53,000 in the fourth quarter. Finally, in the fourth quarter, Perigon Wealth Management LLC acquired a new stake in the American Financial Group valued at around $ 59,000. Hedge funds and other institutional investors own 64.22% of the company’s stock.
American Financial Group shares opened at $ 113.94 on Friday. The stock has a market cap of $ 9.84 billion, a P / E of 40.69, and a beta of 0.92. The company has a quick rate of 0.18, a current rate of 0.18, and a leverage ratio of 0.33. The American Financial Group has a twelve-month low of $ 51.55 and a twelve-month high of $ 120.63. The company’s 50-day moving average price is $ 112.43 and the two-hundred-day moving average is $ 90.10.
The American Financial Group (NYSE: AFG) last released its quarterly results on Tuesday, February 2nd. The insurer reported earnings of $ 3.09 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 2.13 by $ 0.96. The company had revenue of $ 2.62 billion for the quarter, compared to analyst expectations of $ 1.39 billion. American Financial Group had a net margin of 3.38% and a return on equity of 11.80%. The company’s sales increased by 23.1% compared to the previous year. For the same period last year, the company posted earnings of $ 2.22 per share. Equity analysts assume that the American Financial Group will achieve earnings per share of 7.2 in the current fiscal year.
The company recently decided to pay a dividend on Monday April 26th. On Thursday, April 15th, registered investors will be paid a dividend of $ 0.50 per share. The ex-dividend day is Wednesday April 14th. This corresponds to a dividend yield of 1.75%. The American Financial Group’s payout ratio is 23.20%.
American Financial Group company profile
American Financial Group, Inc is an insurance holding company. The company is active in property and casualty insurance and focuses on commercial products for businesses and the sale of fixed and fixed index annuities in retail, financial institutions and the education market. The company was founded by Carl Henry Lindner Jr.
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