American Financial Group (AFG) Rating Reiterated by Sandler O’Neill
American Financial Group (NYSE:AFG)‘s stock had its “buy” rating reaffirmed by research analysts at Sandler O’Neill in a report released on Wednesday. They currently have a $119.00 price target on the insurance provider’s stock. Sandler O’Neill’s price objective suggests a potential upside of 10.46% from the stock’s previous close.
Separately, Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price target for the company in a report on Thursday, September 14th.
Shares of American Financial Group (AFG) traded up $0.50 during trading on Wednesday, reaching $107.73. The company’s stock had a trading volume of 467,200 shares, compared to its average volume of 296,650. American Financial Group has a fifty-two week low of $85.57 and a fifty-two week high of $109.43. The firm has a market cap of $9,440.00, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 2.59 and a beta of 0.85. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $979.50 million. During the same quarter last year, the firm posted $1.51 EPS. The company’s quarterly revenue was up 9.3% on a year-over-year basis. sell-side analysts expect that American Financial Group will post 6.05 EPS for the current year.
In other news, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total transaction of $15,706,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Virginia Drosos sold 1,438 shares of American Financial Group stock in a transaction on Friday, December 15th. The stock was sold at an average price of $104.21, for a total value of $149,853.98. Following the sale, the director now directly owns 8,034 shares of the company’s stock, valued at approximately $837,223.14. The disclosure for this sale can be found here. Insiders have sold 201,438 shares of company stock valued at $21,166,854 in the last three months. Insiders own 13.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its holdings in shares of American Financial Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after buying an additional 30 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in American Financial Group by 3.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,979 shares of the insurance provider’s stock valued at $594,000 after purchasing an additional 198 shares in the last quarter. USA Financial Portformulas Corp raised its stake in American Financial Group by 7.6% in the second quarter. USA Financial Portformulas Corp now owns 5,780 shares of the insurance provider’s stock valued at $574,000 after purchasing an additional 406 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in American Financial Group by 2.2% in the second quarter. Ameritas Investment Partners Inc. now owns 22,029 shares of the insurance provider’s stock valued at $2,189,000 after purchasing an additional 483 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its stake in American Financial Group by 22.4% in the third quarter. ETRADE Capital Management LLC now owns 2,660 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 486 shares in the last quarter. 61.40% of the stock is owned by 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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