American Financial Group (NYSE:AFG) Stock Price Expected to Rise, Piper Sandler Analyst Says

American Financial Group (NYSE:AFG) had its price target hoisted by Piper Sandler from $135.00 to $150.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s price objective would suggest a potential upside of 5.36% from the company’s previous close.

Separately, BMO Capital Markets raised their target price on shares of American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th.

American Financial Group Stock Up 0.1 %

AFG stock traded up $0.16 during midday trading on Tuesday, hitting $142.37. The company’s stock had a trading volume of 37,850 shares, compared to its average volume of 301,504. The company has a market cap of $11.95 billion, a PE ratio of 13.33 and a beta of 0.79. The firm’s 50-day moving average is $134.09 and its 200-day moving average is $129.88. American Financial Group has a 12 month low of $107.73 and a 12 month high of $142.85. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a return on equity of 20.45% and a net margin of 10.84%. American Financial Group’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 earnings per share. On average, equities research analysts forecast that American Financial Group will post 10.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in shares of American Financial Group by 251.1% in the second quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock valued at $19,442,000 after acquiring an additional 105,764 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of American Financial Group by 123.4% in the third quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock worth $15,486,000 after buying an additional 63,541 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in American Financial Group by 13.4% during the first quarter. Lord Abbett & CO. LLC now owns 396,355 shares of the insurance provider’s stock valued at $54,095,000 after acquiring an additional 46,702 shares in the last quarter. EULAV Asset Management grew its stake in American Financial Group by 9.4% during the third quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock valued at $67,128,000 after acquiring an additional 42,902 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in American Financial Group by 8.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock worth $67,719,000 after purchasing an additional 39,623 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

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.