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

American Financial Group logo with Finance background

American Financial Group (NYSE:AFG - Get Free Report) had its price objective raised by equities researchers at Keefe, Bruyette & Woods from $125.00 to $127.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 0.51% from the stock's previous close.

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.

Read Our Latest Report on AFG

American Financial Group Trading Up 0.5%

Shares of American Financial Group stock traded up $0.67 during trading on Wednesday, hitting $126.36. The stock had a trading volume of 564,831 shares, compared to its average volume of 417,415. American Financial Group has a 12 month low of $114.73 and a 12 month high of $150.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.67. The firm's fifty day simple moving average is $124.54 and its 200-day simple moving average is $127.55. The stock has a market cap of $10.57 billion, a PE ratio of 13.27 and a beta of 0.71.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.36). American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.74 billion. The firm's revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.76 EPS. As a group, sell-side analysts expect that American Financial Group will post 10.5 EPS for the current fiscal year.

Institutional Investors Weigh In On American Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Private Trust Co. NA raised its stake in American Financial Group by 144.3% in the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock worth $28,000 after buying an additional 127 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of American Financial Group in the 1st quarter worth $34,000. Natixis bought a new stake in American Financial Group during the fourth quarter valued at about $47,000. Lazard Asset Management LLC purchased a new position in American Financial Group in the fourth quarter valued at about $53,000. Finally, Headlands Technologies LLC bought a new position in American Financial Group in the first quarter worth about $55,000. 64.37% of the stock is owned by institutional investors.

About American Financial Group

(Get Free Report)

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.

Further Reading

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