American Financial Group (NYSE:AFG) Price Target Cut to $164.00 by Analysts at Keefe, Bruyette & Woods

American Financial Group (NYSE:AFG) had its target price decreased by Keefe, Bruyette & Woods from $165.00 to $164.00 in a research report released on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

Other analysts also recently issued research reports about the stock. BMO Capital Markets increased their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Piper Sandler lifted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Price Performance

AFG stock opened at $129.96 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50-day simple moving average of $138.94 and a two-hundred day simple moving average of $133.35. The company has a market capitalization of $10.91 billion, a P/E ratio of 12.18 and a beta of 0.83. American Financial Group has a 52-week low of $115.64 and a 52-week high of $150.19.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. Research analysts expect that American Financial Group will post 10.73 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group’s payout ratio is 29.99%.

Hedge Funds Weigh In On American Financial Group

Several institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC bought a new stake in shares of American Financial Group in the second quarter valued at $38,000. Acadian Asset Management LLC bought a new stake in American Financial Group in the 2nd quarter valued at about $85,000. Abich Financial Wealth Management LLC lifted its holdings in American Financial Group by 35.6% during the second quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock valued at $88,000 after purchasing an additional 188 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in American Financial Group during the second quarter worth about $99,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in American Financial Group during the third quarter worth about $111,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.