American Financial Group (NYSE:AFG) Price Target Raised to $135.00 at Piper Sandler

American Financial Group (NYSE:AFG - Get Free Report) had its target price hoisted by analysts at Piper Sandler from $129.00 to $135.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "neutral" rating on the insurance provider's stock. Piper Sandler's target price suggests a potential upside of 3.79% from the company's current price.

Separately, Citigroup raised their price target on shares of 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, American Financial Group has an average rating of "Hold" and an average target price of $135.00.

American Financial Group Trading Up 2.1 %

Shares of NYSE AFG traded up $2.66 during trading on Monday, hitting $130.08. 227,902 shares of the company traded hands, compared to its average volume of 331,962. The company has a 50-day moving average price of $130.04 and a 200-day moving average price of $121.37. The firm has a market capitalization of $10.91 billion, a P/E ratio of 12.45 and a beta of 0.79. American Financial Group has a 1 year low of $105.22 and a 1 year high of $137.71. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35.

American Financial Group (NYSE:AFG - Get Free Report) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.06. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. American Financial Group had a return on equity of 21.56% and a net margin of 11.03%. During the same period last year, the firm earned $2.89 earnings per share. On average, equities analysts predict that American Financial Group will post 10.99 EPS for the current year.

Insider Buying and Selling at American Financial Group

In other news, Director James E. Evans sold 2,274 shares of American Financial Group stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $128.64, for a total value of $292,527.36. Following the completion of the transaction, the director now directly owns 105,302 shares of the company's stock, valued at approximately $13,546,049.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO Brian S. Hertzman sold 1,067 shares of the company's 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 in the company, valued at approximately $1,343,511.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director James E. Evans sold 2,274 shares of the firm's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $128.64, for a total value of $292,527.36. Following the completion of the sale, the director now owns 105,302 shares in the company, valued at $13,546,049.28. The disclosure for this sale can be found here. Insiders sold a total of 14,843 shares of company stock worth $1,854,746 over the last 90 days. Insiders own 14.50% of the company's stock.

Institutional Trading of American Financial Group

A number of large investors have recently modified their holdings of AFG. VisionPoint Advisory Group LLC grew its position in American Financial Group by 132.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider's stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in American Financial Group in the 4th quarter valued at approximately $42,000. GAMMA Investing LLC bought a new stake in American Financial Group during the 4th quarter valued at $53,000. Itau Unibanco Holding S.A. bought a new stake in American Financial Group during the 3rd quarter valued at $52,000. Finally, Allspring Global Investments Holdings LLC boosted its position in American Financial Group by 7,616.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider's stock worth $110,000 after acquiring an additional 914 shares during the period. Institutional investors and hedge funds own 64.37% of the company's stock.

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.