American Financial Group Price Target Increased to $60.00 by Analysts at Raymond James (AFG)
Research analysts at Raymond James lifted their target price on shares of American Financial Group (NYSE:AFG) from $55.00 to $60.00 in a report released on Tuesday, AmericanBankingNews.com reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 13.12% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Analysts at Keefe, Bruyette & Woods initiated coverage on shares of American Financial Group in a research note to investors on Monday, July 29th. They set a “market perform” rating and a $55.00 price target on the stock.
Shares of American Financial Group (NYSE:AFG) traded down 1.39% on Tuesday, hitting $53.04. The stock had a trading volume of 491,571 shares. American Financial Group has a one year low of $36.92 and a one year high of $54.80. The stock has a 50-day moving average of $53.06 and a 200-day moving average of $50.30. The company has a market cap of $4.719 billion and a price-to-earnings ratio of 9.80.
American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.09. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $753.91 million. During the same quarter in the prior year, the company posted $0.91 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts expect that American Financial Group will post $4.05 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 25th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.66%. The ex-dividend date is Thursday, October 10th. This is a positive change from American Financial Group’s previous quarterly dividend of $0.20.
American Financial Group, Inc (NYSE:AFG) is a holding company, which through subsidiaries, is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses and in the sale of traditional fixed and fixed-indexed annuities in the individual, bank and education markets.
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