American Financial Group Inc (AFG) Given $94.00 Consensus Target Price by Analysts

American Financial Group Inc (NYSE:AFG) has been given an average broker rating score of 1.60 (Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and three have assigned a strong buy recommendation to the company.

Brokers have set a 12-month consensus price objective of $94.00 for the company and are anticipating that the company will post $1.37 earnings per share for the current quarter, according to Zacks. Zacks has also given American Financial Group an industry rank of 214 out of 265 based on the ratings given to its competitors.

Several brokerages have recently weighed in on AFG. Zacks Investment Research lowered shares of American Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Langen Mcalenn reiterated a “buy” rating on shares of American Financial Group in a report on Friday, December 30th.

In related news, insider John B. Berding sold 5,349 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $94.89, for a total value of $507,566.61. Following the sale, the insider now owns 71,481 shares in the company, valued at approximately $6,782,832.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO S Craig Lindner sold 40,000 shares of the company’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $92.41, for a total transaction of $3,696,400.00. The disclosure for this sale can be found here. Insiders have sold 280,935 shares of company stock worth $25,802,667 in the last quarter. Company insiders own 14.90% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Public Employees Retirement Association of Colorado raised its stake in American Financial Group by 0.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,204 shares of the insurance provider’s stock worth $165,000 after buying an additional 10 shares in the last quarter. Advisor Group Inc. raised its stake in American Financial Group by 3.6% in the third quarter. Advisor Group Inc. now owns 1,531 shares of the insurance provider’s stock worth $115,000 after buying an additional 53 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in American Financial Group by 1.3% in the third quarter. First Citizens Bank & Trust Co. now owns 7,488 shares of the insurance provider’s stock worth $562,000 after buying an additional 99 shares in the last quarter. M&T Bank Corp raised its stake in American Financial Group by 3.0% in the third quarter. M&T Bank Corp now owns 5,828 shares of the insurance provider’s stock worth $438,000 after buying an additional 169 shares in the last quarter. Finally, Advisor Partners LLC raised its stake in American Financial Group by 5.9% in the third quarter. Advisor Partners LLC now owns 3,041 shares of the insurance provider’s stock worth $228,000 after buying an additional 170 shares in the last quarter. Institutional investors own 59.51% of the company’s stock.

Shares of American Financial Group (NYSE:AFG) traded up 0.19% on Monday, reaching $95.99. The company’s stock had a trading volume of 215,865 shares. The firm has a 50 day moving average of $94.92 and a 200 day moving average of $86.72. The company has a market cap of $8.35 billion, a PE ratio of 13.10 and a beta of 0.70. American Financial Group has a 52-week low of $68.25 and a 52-week high of $97.00.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Wednesday, February 1st. The insurance provider reported $1.98 EPS for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.34. The business had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.12 billion. American Financial Group had a net margin of 9.99% and a return on equity of 10.34%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Analysts predict that American Financial Group will post $6.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Friday, April 14th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $1.25 annualized dividend and a dividend yield of 1.30%. American Financial Group’s dividend payout ratio is currently 17.08%.

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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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