American Financial Group (NYSE:AFG) Price Target Cut to $164.00 by Analysts at Keefe, Bruyette & Woods

American Financial Group (NYSE:AFG) had its price target decreased by investment analysts at Keefe, Bruyette & Woods from $165.00 to $164.00 in a report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 25.36% from the stock’s previous close.

A number of other equities analysts have also issued reports on AFG. Piper Sandler upped their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets upped their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

American Financial Group Price Performance

American Financial Group stock opened at $130.82 on Friday. The company has a market cap of $10.98 billion, a P/E ratio of 12.26 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The business has a fifty day moving average of $138.94 and a two-hundred day moving average of $133.35. American Financial Group has a one year low of $115.64 and a one year high of $150.19.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 EPS. As a group, analysts predict that American Financial Group will post 10.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AFG. FMR LLC grew its position in shares of American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after acquiring an additional 202,522 shares during the last quarter. State Street Corp boosted its position in shares of American Financial Group by 4.0% during the third quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after buying an additional 104,172 shares during the period. Geode Capital Management LLC increased its position in American Financial Group by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares during the period. Charles Schwab Investment Management Inc. boosted its position in American Financial Group by 8.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock worth $67,719,000 after acquiring an additional 39,623 shares during the period. Finally, EULAV Asset Management raised its stake in shares of American Financial Group by 9.4% during the third quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock valued at $67,128,000 after purchasing an additional 42,902 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

About American Financial Group

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.