American Financial Group (NYSE:AFG) Given New $150.00 Price Target at Piper Sandler

American Financial Group (NYSE:AFG) had its price objective raised by Piper Sandler from $135.00 to $150.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have a neutral rating on the insurance provider’s stock.

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

American Financial Group Stock Down 0.1 %

NYSE:AFG opened at $137.82 on Tuesday. The stock’s fifty day moving average price is $134.93 and its two-hundred day moving average price is $130.34. American Financial Group has a 52-week low of $108.39 and a 52-week high of $144.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 12.92 and a beta of 0.79.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company posted $2.45 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts anticipate that American Financial Group will post 10.88 EPS for the current year.

American Financial Group Increases Dividend

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

Institutional Trading of American Financial Group

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