American Financial Group (NYSE:AFG) Price Target Raised to $143.00

American Financial Group (NYSE:AFG) had its price target lifted by BMO Capital Markets from $135.00 to $143.00 in a research report released on Friday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the insurance provider’s stock.

Separately, Piper Sandler boosted their target price on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Stock Performance

Shares of NYSE AFG opened at $137.82 on Friday. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 12.92 and a beta of 0.79. American Financial Group has a one year low of $108.39 and a one year high of $144.81. The business has a fifty day simple moving average of $134.93 and a 200 day simple moving average of $130.36. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.45 EPS. Sell-side analysts expect that American Financial Group will post 10.88 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 29.99%.

Institutional Trading of American Financial Group

A number of institutional investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in American Financial Group during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC bought a new position in shares of American Financial Group in the 2nd quarter valued at $38,000. Covestor Ltd boosted its holdings in shares of American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 346 shares in the last quarter. Blue Trust Inc. grew its position in American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 133 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 523 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

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.