Keefe, Bruyette & Woods Has Lowered Expectations for American Financial Group (NYSE:AFG) Stock Price

American Financial Group (NYSE:AFG) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $165.00 to $164.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 26.19% from the company’s previous close.

Several other equities analysts also recently commented on the company. Piper Sandler upped their price objective on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. BMO Capital Markets upped their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th.

American Financial Group Stock Down 1.7 %

Shares of NYSE:AFG opened at $129.96 on Friday. The company has a market capitalization of $10.91 billion, a PE ratio of 12.18 and a beta of 0.83. American Financial Group has a 1 year low of $115.64 and a 1 year high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The business has a fifty day moving average price of $138.99 and a two-hundred day moving average price of $133.37.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 19.97% and a net margin of 10.84%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. Analysts forecast that American Financial Group will post 10.73 earnings per share for the current year.

Institutional Investors Weigh In On American Financial Group

Several institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of American Financial Group in the second quarter valued at $38,000. Acadian Asset Management LLC purchased a new position in American Financial Group during the 2nd quarter valued at about $85,000. Abich Financial Wealth Management LLC increased its position in shares of 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 buying an additional 188 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of American Financial Group in the second quarter worth about $99,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of American Financial Group in the third quarter valued at approximately $111,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Company Profile

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.