American Financial Group Price Target Increased to $61.00 by Analysts at Keefe, Bruyette & Woods (AFG)
Investment analysts at Keefe, Bruyette & Woods boosted their price target on shares of American Financial Group (NYSE:AFG) from $60.00 to $61.00 in a note issued to investors on Friday, AnalystRatings.NET reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 6.68% from the stock’s previous close.
Shares of American Financial Group (NYSE:AFG) traded up 0.30% on Friday, hitting $57.18. 451,378 shares of the company’s stock traded hands. American Financial Group has a 52 week low of $41.23 and a 52 week high of $58.44. The stock has a 50-day moving average of $56.96 and a 200-day moving average of $54.11. The company has a market cap of $5.110 billion and a P/E ratio of 14.31.
American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, October 30th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.07. The company had revenue of $949.00 million for the quarter, compared to the consensus estimate of $844.08 million. During the same quarter last year, the company posted $0.82 earnings per share. American Financial Group’s revenue was up 11.9% compared to the same quarter last year. Analysts expect that American Financial Group will post $4.16 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, January 27th. Investors of record on Wednesday, January 15th will be given a dividend of 0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Monday, January 13th.
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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