Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for American Financial Group (NYSE:AFG) Stock

American Financial Group (NYSE:AFG) had its target price boosted by investment analysts at Keefe, Bruyette & Woods from $125.00 to $127.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential downside of 0.60% from the stock’s current price.

Separately, Wall Street Zen lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Saturday, June 21st.

American Financial Group Stock Up 1.2%

Shares of AFG opened at $127.77 on Wednesday. American Financial Group has a 12 month low of $114.73 and a 12 month high of $150.19. The company has a 50-day moving average price of $124.57 and a two-hundred day moving average price of $127.48. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 13.42 and a beta of 0.71.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.36). American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm posted $2.76 EPS. The business’s revenue was down 2.6% on a year-over-year basis. Equities analysts predict that American Financial Group will post 10.5 EPS for the current fiscal year.

Hedge Funds Weigh In On American Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in AFG. Private Trust Co. NA grew its holdings in shares of American Financial Group by 144.3% in the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider’s stock valued at $28,000 after buying an additional 127 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in American Financial Group in the 1st quarter valued at $34,000. Natixis bought a new stake in American Financial Group in the 4th quarter valued at $47,000. Lazard Asset Management LLC bought a new stake in American Financial Group in the 4th quarter valued at $53,000. Finally, Headlands Technologies LLC bought a new stake in American Financial Group in the 1st quarter valued at $55,000. Institutional investors and hedge funds 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.