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.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.21. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.51 EPS. equities research analysts forecast that American Financial Group will post 6.05 EPS for the current fiscal year.

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.

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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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