Brokerages Set American Financial Group, Inc. (NYSE:AFG) Target Price at $141.25

American Financial Group, Inc. (NYSE:AFG) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $141.25.

AFG has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 price target on shares of American Financial Group in a research note on Tuesday, November 11th. Wells Fargo & Company dropped their target price on American Financial Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, February 5th. Weiss Ratings lowered American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Piper Sandler boosted their price objective on American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th.

Institutional Trading of American Financial Group

Large investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. grew its holdings in shares of American Financial Group by 421.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 160 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of American Financial Group in the 3rd quarter valued at $30,000. Atlantic Union Bankshares Corp purchased a new position in American Financial Group in the 2nd quarter worth about $27,000. Global Retirement Partners LLC raised its holdings in American Financial Group by 904.8% during the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock worth $29,000 after buying an additional 190 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in American Financial Group during the third quarter valued at about $34,000. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Trading Down 0.1%

American Financial Group stock opened at $128.85 on Monday. The firm has a 50-day moving average price of $132.84 and a two-hundred day moving average price of $135.11. American Financial Group has a 52-week low of $114.73 and a 52-week high of $150.02. The firm has a market capitalization of $10.75 billion, a price-to-earnings ratio of 12.80 and a beta of 0.71. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.38.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $3.65 earnings per share for the quarter, beating analysts’ consensus estimates of $3.18 by $0.47. American Financial Group had a return on equity of 18.92% and a net margin of 10.30%.The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company posted $3.12 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts expect that American Financial Group will post 10.5 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Monday, February 16th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, February 13th. American Financial Group’s dividend payout ratio (DPR) is 34.96%.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.