Shares of American Financial Group Inc (NYSE:AFG) have earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $117.00.
AFG has been the topic of a number of analyst reports. Sandler O’Neill reissued a “buy” rating and set a $119.00 price target on shares of American Financial Group in a research report on Wednesday, January 10th. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Thursday, January 18th. Bank of America increased their price target on American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, ValuEngine raised American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
In related news, Director Gregory G. Joseph purchased 500 shares of American Financial Group stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $113.50 per share, with a total value of $56,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John B. Berding sold 5,285 shares of the stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $113.58, for a total value of $600,270.30. Following the sale, the insider now directly owns 59,585 shares in the company, valued at approximately $6,767,664.30. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFG. Schroder Investment Management Group lifted its stake in American Financial Group by 59.0% during the fourth quarter. Schroder Investment Management Group now owns 632,957 shares of the insurance provider’s stock worth $68,701,000 after purchasing an additional 234,900 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in American Financial Group by 21.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 878,626 shares of the insurance provider’s stock worth $95,366,000 after purchasing an additional 153,971 shares during the last quarter. APG Asset Management N.V. lifted its stake in American Financial Group by 43.6% during the fourth quarter. APG Asset Management N.V. now owns 420,700 shares of the insurance provider’s stock worth $38,027,000 after purchasing an additional 127,800 shares during the last quarter. Investec Asset Management LTD lifted its stake in American Financial Group by 10.5% during the fourth quarter. Investec Asset Management LTD now owns 1,294,622 shares of the insurance provider’s stock worth $140,518,000 after purchasing an additional 123,436 shares during the last quarter. Finally, Gillson Capital LP bought a new stake in American Financial Group during the fourth quarter worth $12,985,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.
Shares of American Financial Group stock traded up $0.32 on Wednesday, hitting $114.03. The stock had a trading volume of 242,928 shares, compared to its average volume of 302,034. American Financial Group has a twelve month low of $95.15 and a twelve month high of $121.69. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $10,054.92, a price-to-earnings ratio of 17.41, a PEG ratio of 0.89 and a beta of 0.78.
American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 11.09% and a net margin of 6.92%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $1.98 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. equities research analysts predict that American Financial Group will post 8.24 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 25th. Investors of record on Friday, April 13th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, April 12th. American Financial Group’s dividend payout ratio is currently 21.37%.
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American Financial Group Company Profile
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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