American Financial Group (NYSE:AFG) Price Target Lowered to $164.00 at Keefe, Bruyette & Woods

American Financial Group (NYSE:AFG) had its price objective decreased by Keefe, Bruyette & Woods from $165.00 to $164.00 in a research report released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

AFG has been the subject of a number of other reports. BMO Capital Markets upped their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Piper Sandler upped their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

American Financial Group Price Performance

Shares of NYSE AFG opened at $129.96 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $10.91 billion, a price-to-earnings ratio of 12.18 and a beta of 0.83. The stock’s 50-day moving average is $138.99 and its two-hundred day moving average is $133.43. American Financial Group has a 1-year low of $115.64 and a 1-year high of $150.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 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 quarter last year, the firm earned $2.45 EPS. The company’s revenue was up 10.8% on a year-over-year basis. Analysts forecast that American Financial Group will post 10.73 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group’s payout ratio is currently 29.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. raised its stake in shares of American Financial Group by 4.0% during the third quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after purchasing an additional 83 shares during the last quarter. Sei Investments Co. increased its stake in American Financial Group by 0.3% in the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock valued at $3,206,000 after buying an additional 86 shares during the period. MML Investors Services LLC raised its position in American Financial Group by 3.5% during the 3rd quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock worth $458,000 after buying an additional 116 shares during the last quarter. Verdence Capital Advisors LLC raised its position in American Financial Group by 6.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock worth $283,000 after buying an additional 125 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of American Financial Group by 3.1% in the third quarter. CIBC Asset Management Inc now owns 4,691 shares of the insurance provider’s stock valued at $631,000 after acquiring an additional 141 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other 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.