American Financial Group (AFG) Rating Reiterated by Sandler O’Neill
American Financial Group (NYSE:AFG)‘s stock had its “buy” rating restated by research analysts at Sandler O’Neill in a research report issued on Wednesday. They currently have a $119.00 price target on the insurance provider’s stock. Sandler O’Neill’s price objective points to a potential upside of 10.46% from the company’s current price.
Separately, Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th.
American Financial Group (NYSE AFG) traded up $0.50 during trading on Wednesday, hitting $107.73. The company’s stock had a trading volume of 467,200 shares, compared to its average volume of 296,650. The company has a market cap of $9,440.00, a P/E ratio of 13.83, a P/E/G ratio of 2.59 and a beta of 0.85. American Financial Group has a 1-year low of $85.57 and a 1-year high of $109.43. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24.
In other news, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total transaction of $5,310,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Virginia Drosos sold 1,438 shares of American Financial Group stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $104.21, for a total value of $149,853.98. Following the transaction, the director now directly owns 8,034 shares in the company, valued at $837,223.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,438 shares of company stock valued at $21,166,854. Corporate insiders own 13.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Swiss National Bank lifted its position in shares of American Financial Group by 1.2% during the 3rd quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock valued at $28,397,000 after buying an additional 3,200 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of American Financial Group by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 139,108 shares of the insurance provider’s stock valued at $14,388,000 after buying an additional 40,512 shares in the last quarter. Teachers Advisors LLC lifted its position in shares of American Financial Group by 23.2% during the 2nd quarter. Teachers Advisors LLC now owns 154,442 shares of the insurance provider’s stock valued at $15,347,000 after buying an additional 29,081 shares in the last quarter. Capital Fund Management S.A. lifted its position in shares of American Financial Group by 226.5% during the 2nd quarter. Capital Fund Management S.A. now owns 16,000 shares of the insurance provider’s stock valued at $1,590,000 after buying an additional 11,100 shares in the last quarter. Finally, Laurion Capital Management LP purchased a new position in shares of American Financial Group during the 2nd quarter valued at about $4,899,000. 61.40% of the stock is currently owned by hedge funds and other institutional investors.
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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