American Financial Group (NYSE:AFG) Price Target Raised to $143.00 at BMO Capital Markets

American Financial Group (NYSE:AFG) had its price target upped by BMO Capital Markets from $135.00 to $143.00 in a report published on Friday,Benzinga reports. The brokerage currently has a market perform rating on the insurance provider’s stock.

Separately, Piper Sandler lifted their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday.

American Financial Group Trading Down 0.1 %

AFG traded down $0.18 during midday trading on Friday, reaching $137.82. 428,284 shares of the company were exchanged, compared to its average volume of 303,636. The stock has a market capitalization of $11.57 billion, a P/E ratio of 12.92 and a beta of 0.79. American Financial Group has a one year low of $108.39 and a one year high of $144.81. The stock’s 50-day simple moving average is $134.93 and its 200 day simple moving average is $130.34. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.53.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.45 earnings per share. As a group, analysts forecast that American Financial Group will post 10.88 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The business also recently announced a None dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a dividend of $4.00 per share. This is an increase from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend is Friday, November 15th. American Financial Group’s dividend payout ratio (DPR) is 29.99%.

Institutional Investors Weigh In On American Financial Group

Several large investors have recently made changes to their positions in AFG. Innealta Capital LLC acquired a new position in shares of American Financial Group during the second quarter worth about $30,000. Headlands Technologies LLC bought a new stake in American Financial Group in the 2nd quarter valued at approximately $38,000. Covestor Ltd boosted its position in American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares during the last quarter. Blue Trust Inc. grew its stake in shares of American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 133 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of American Financial Group by 10,460.0% in the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares during the last quarter. Institutional investors 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.