American Financial Group (NYSE:AFG) Given Neutral Rating at Piper Sandler

Piper Sandler restated their neutral rating on shares of American Financial Group (NYSE:AFGFree Report) in a report released on Monday morning, Benzinga reports. Piper Sandler currently has a $129.00 price objective on the insurance provider’s stock.

Other equities analysts have also recently issued reports about the stock. Citigroup lifted 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 note on Monday, March 25th. Janney Montgomery Scott started coverage on shares of American Financial Group in a research note on Thursday, December 14th. They set a buy rating and a $135.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, American Financial Group has an average rating of Hold and a consensus target price of $133.50.

View Our Latest Analysis on American Financial Group

American Financial Group Stock Performance

Shares of NYSE:AFG opened at $133.14 on Monday. American Financial Group has a 52 week low of $105.22 and a 52 week high of $137.71. The stock has a market capitalization of $11.14 billion, a P/E ratio of 13.25 and a beta of 0.79. The firm has a fifty day simple moving average of $127.02 and a two-hundred day simple moving average of $118.57. 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:AFGGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the company earned $2.99 EPS. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, analysts expect that American Financial Group will post 11.02 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be given a $0.71 dividend. The ex-dividend date is Friday, April 12th. This represents a $2.84 annualized dividend and a yield of 2.13%. American Financial Group’s dividend payout ratio (DPR) is 28.26%.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the sale, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at approximately $5,490,012. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Lehman John I. Von sold 1,773 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $125.48, for a total value of $222,476.04. Following the completion of the sale, the director now owns 12,343 shares in the company, valued at approximately $1,548,799.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the sale, the senior vice president now owns 45,372 shares of the company’s stock, valued at approximately $5,490,012. The disclosure for this sale can be found here. Insiders sold a total of 14,843 shares of company stock valued at $1,854,746 in the last three months. Company insiders own 14.60% of the company’s stock.

Institutional Investors Weigh In On American Financial Group

Large investors have recently modified their holdings of the business. VisionPoint Advisory Group LLC raised its holdings in shares of American Financial Group by 132.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 155 shares in the last quarter. Money Concepts Capital Corp bought a new stake in shares of American Financial Group in the 4th quarter valued at about $35,000. Ronald Blue Trust Inc. raised its stake in shares of American Financial Group by 44.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Arlington Trust Co LLC bought a new position in shares of American Financial Group during the 4th quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of American Financial Group during the 3rd quarter worth approximately $52,000. Institutional investors own 64.37% of the company’s stock.

American Financial Group Company Profile

(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.

Featured Articles

Receive News & Ratings for American Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.