American Financial Group (NYSE:AFG) PT Raised to $135.00

American Financial Group (NYSE:AFG) had its price objective increased by Piper Sandler from $129.00 to $135.00 in a research note published on Monday, Benzinga reports. Piper Sandler currently has a neutral rating on the insurance provider’s stock.

Separately, Citigroup raised their target price on American Financial Group from $139.00 to $150.00 and gave the stock a buy rating in a research report on Monday, March 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and an average target price of $135.00.

American Financial Group Trading Up 1.2 %

Shares of American Financial Group stock opened at $130.69 on Monday. The company’s fifty day simple moving average is $130.17 and its 200-day simple moving average is $121.59. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 12.51 and a beta of 0.79. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. American Financial Group has a 1 year low of $105.22 and a 1 year high of $137.71.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.70 by $0.06. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. American Financial Group had a net margin of 11.03% and a return on equity of 21.56%. During the same quarter last year, the company posted $2.89 earnings per share. As a group, sell-side analysts expect that American Financial Group will post 10.99 EPS for the current year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.17%. American Financial Group’s payout ratio is presently 27.18%.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of American Financial Group stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total transaction of $135,455.65. Following the completion of the transaction, the chief financial officer now directly owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other American Financial Group news, SVP Michelle A. Gillis sold 2,053 shares of American Financial Group stock in a transaction on Friday, March 1st. The stock was sold at an average price of $126.81, for a total transaction of $260,340.93. Following the completion of the transaction, the senior vice president now directly owns 48,554 shares of the company’s stock, valued at $6,157,132.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian S. Hertzman sold 1,067 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total value of $135,455.65. Following the completion of the sale, the chief financial officer now owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,667 shares of company stock valued at $1,228,450. 14.50% of the stock is currently owned by company insiders.

Institutional Trading of American Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of American Financial Group by 1.0% in the third quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock valued at $925,563,000 after buying an additional 81,293 shares in the last quarter. FMR LLC increased its stake in shares of American Financial Group by 16.1% in the third quarter. FMR LLC now owns 4,710,065 shares of the insurance provider’s stock valued at $525,973,000 after buying an additional 654,442 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of American Financial Group by 5.2% in the fourth quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider’s stock valued at $456,359,000 after buying an additional 191,269 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of American Financial Group by 7.2% in the third quarter. Wellington Management Group LLP now owns 838,468 shares of the insurance provider’s stock valued at $93,632,000 after buying an additional 56,267 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of American Financial Group in the fourth quarter valued at $97,304,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

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.