American Financial Group (NYSE:AFG) Price Target Raised to $127.00 at Keefe, Bruyette & Woods

American Financial Group (NYSE:AFG - Get Free Report) had its price target boosted by stock analysts at Keefe, Bruyette & Woods from $125.00 to $127.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 0.47% from the company's current price.

Separately, Wall Street Zen lowered shares of American Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st.

American Financial Group Stock Down 1.1%

American Financial Group stock traded down $1.35 during midday trading on Wednesday, reaching $126.41. The company's stock had a trading volume of 394,388 shares, compared to its average volume of 418,548. The stock's 50-day simple moving average is $124.51 and its 200-day simple moving average is $127.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.67. American Financial Group has a 52-week low of $114.73 and a 52-week high of $150.19. The stock has a market capitalization of $10.58 billion, a P/E ratio of 13.28 and a beta of 0.71.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.36). American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business posted $2.76 earnings per share. The company's quarterly revenue was down 2.6% compared to the same quarter last year. On average, sell-side analysts expect that American Financial Group will post 10.5 EPS for the current year.

Institutional Trading of American Financial Group

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its holdings in American Financial Group by 91.2% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after buying an additional 248 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in American Financial Group by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 508,687 shares of the insurance provider's stock worth $69,655,000 after buying an additional 5,572 shares in the last quarter. M&T Bank Corp boosted its holdings in American Financial Group by 5.9% during the fourth quarter. M&T Bank Corp now owns 2,837 shares of the insurance provider's stock worth $389,000 after buying an additional 157 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in American Financial Group during the fourth quarter worth $5,127,000. Finally, Raymond James Financial Inc. purchased a new stake in American Financial Group during the fourth quarter worth $2,875,000. 64.37% of the stock is owned by hedge funds and other 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.