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

American Financial Group (NYSE:AFG) had its target price increased by research analysts at Piper Sandler from $129.00 to $135.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s price target suggests a potential upside of 5.96% from the company’s previous close.

Separately, Citigroup boosted their price target on shares of American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, March 25th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $135.00.

American Financial Group Stock Down 0.2 %

AFG stock opened at $127.41 on Monday. American Financial Group has a 52 week low of $105.22 and a 52 week high of $137.71. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. The firm’s 50-day moving average is $129.98 and its two-hundred day moving average is $121.22. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.06. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations 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 EPS. On average, analysts forecast that American Financial Group will post 10.99 earnings per share for the current fiscal year.

Insider Transactions at American Financial Group

In other news, Director James E. Evans sold 2,274 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 105,302 shares in the company, valued at $13,546,049.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other American Financial Group news, Director James E. Evans sold 2,274 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $128.64, for a total transaction of $292,527.36. Following the sale, the director now directly owns 105,302 shares of the company’s stock, valued at approximately $13,546,049.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian S. Hertzman sold 1,067 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total value of $135,455.65. Following the transaction, the chief financial officer now directly owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,843 shares of company stock worth $1,854,746. 14.50% of the stock is currently owned by company insiders.

Institutional Trading of American Financial Group

A number of hedge funds have recently modified their holdings of the stock. Texas Permanent School Fund Corp boosted its stake in American Financial Group by 1.1% in the 1st quarter. Texas Permanent School Fund Corp now owns 57,094 shares of the insurance provider’s stock valued at $7,792,000 after purchasing an additional 643 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of American Financial Group by 691.7% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,148 shares of the insurance provider’s stock valued at $157,000 after acquiring an additional 1,003 shares during the period. Mutual of America Capital Management LLC increased its position in American Financial Group by 4.6% during the first quarter. Mutual of America Capital Management LLC now owns 77,370 shares of the insurance provider’s stock worth $10,559,000 after acquiring an additional 3,388 shares during the period. Daiwa Securities Group Inc. boosted its holdings in American Financial Group by 2.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,674 shares of the insurance provider’s stock valued at $638,000 after purchasing an additional 100 shares during the period. Finally, Nordea Investment Management AB boosted its stake in shares of American Financial Group by 11.5% in the first quarter. Nordea Investment Management AB now owns 4,832 shares of the insurance provider’s stock valued at $662,000 after buying an additional 498 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

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.