American Financial Group (NYSE:AFG) Price Target Increased to $135.00 by Analysts at Piper Sandler

American Financial Group (NYSE:AFG) had its price target raised by stock analysts at Piper Sandler from $129.00 to $135.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s target price indicates a potential upside of 4.51% from the company’s previous close.

Separately, Citigroup increased their target price on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, American Financial Group currently has a consensus rating of “Hold” and a consensus price target of $135.00.

American Financial Group Price Performance

American Financial Group stock opened at $129.18 on Monday. American Financial Group has a 52-week low of $105.22 and a 52-week high of $137.71. The stock’s 50 day moving average price is $130.09 and its two-hundred day moving average price is $121.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 12.36 and a beta of 0.79.

American Financial Group (NYSE:AFG) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.06. American Financial Group had a return on equity of 21.56% and a net margin of 11.03%. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $2.89 EPS. On average, equities analysts predict that American Financial Group will post 10.99 earnings per share for the current year.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total transaction of $135,455.65. Following the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at approximately $1,343,511.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total transaction of $135,455.65. Following the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at approximately $1,343,511.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lehman John I. Von sold 1,773 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $125.48, for a total value of $222,476.04. Following the transaction, the director now owns 12,343 shares in the company, valued at $1,548,799.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,843 shares of company stock worth $1,854,746. Corporate insiders own 14.50% of the company’s stock.

Institutional Investors Weigh In On American Financial Group

Large investors have recently made changes to their positions in the business. VisionPoint Advisory Group LLC increased its position in shares of American Financial Group by 132.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 155 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in shares of American Financial Group during the 4th quarter valued at $42,000. GAMMA Investing LLC purchased a new stake in shares of American Financial Group during the 4th quarter valued at $53,000. Itau Unibanco Holding S.A. purchased a new stake in shares of American Financial Group during the 3rd quarter valued at $52,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of American Financial Group by 7,616.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 914 shares during the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

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.