Wells Fargo & Company Issues Pessimistic Forecast for American Financial Group (NYSE:AFG) Stock Price

American Financial Group (NYSE:AFG) had its target price dropped by stock analysts at Wells Fargo & Company from $165.00 to $160.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target would indicate a potential upside of 21.93% from the stock’s previous close.

Several other analysts also recently issued reports on the company. Piper Sandler increased their price target on American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Weiss Ratings lowered American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $142.00 price target on shares of American Financial Group in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.25.

American Financial Group Trading Up 1.2%

NYSE AFG opened at $131.22 on Thursday. The firm has a market capitalization of $10.94 billion, a price-to-earnings ratio of 13.03 and a beta of 0.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.55 and a current ratio of 0.55. American Financial Group has a one year low of $114.73 and a one year high of $150.02. The company’s 50 day moving average price is $133.24 and its 200 day moving average price is $135.03.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, February 3rd. The insurance provider reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $0.47. American Financial Group had a net margin of 10.30% and a return on equity of 18.92%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period in the previous year, the firm earned $3.12 earnings per share. American Financial Group’s revenue for the quarter was down 4.0% on a year-over-year basis. American Financial Group has set its FY 2026 guidance at 11.000-11.000 EPS. On average, sell-side analysts predict that American Financial Group will post 10.5 EPS for the current year.

Institutional Investors Weigh In On American Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB raised its stake in American Financial Group by 72.5% during the second quarter. Nordea Investment Management AB now owns 57,894 shares of the insurance provider’s stock worth $7,249,000 after acquiring an additional 24,334 shares during the period. Caxton Associates LLP bought a new position in shares of American Financial Group during the second quarter valued at approximately $1,790,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of American Financial Group by 16.7% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,591 shares of the insurance provider’s stock worth $8,152,000 after purchasing an additional 9,263 shares during the period. Allianz Asset Management GmbH lifted its holdings in shares of American Financial Group by 9.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 335,673 shares of the insurance provider’s stock worth $48,914,000 after purchasing an additional 29,593 shares during the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of American Financial Group by 33.6% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 94,788 shares of the insurance provider’s stock worth $11,963,000 after purchasing an additional 23,838 shares during the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.