American Financial Group (NYSE:AFG) Upgraded by Wall Street Zen to “Hold” Rating

American Financial Group (NYSE:AFG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Separately, Keefe, Bruyette & Woods boosted their price objective on shares of American Financial Group from $125.00 to $127.00 and gave the stock a “market perform” rating in a report on Wednesday, July 9th.

American Financial Group Trading Up 1.1%

Shares of American Financial Group stock opened at $129.30 on Friday. American Financial Group has a 1 year low of $114.73 and a 1 year high of $150.19. The firm has a market cap of $10.82 billion, a PE ratio of 14.21 and a beta of 0.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.67. The company has a 50 day simple moving average of $125.42 and a two-hundred day simple moving average of $126.20.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.77 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.40%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.56 EPS. Analysts expect that American Financial Group will post 10.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On American Financial Group

A number of hedge funds have recently made changes to their positions in the business. Xponance Inc. lifted its holdings in shares of American Financial Group by 0.7% in the 1st quarter. Xponance Inc. now owns 11,882 shares of the insurance provider’s stock worth $1,561,000 after acquiring an additional 80 shares during the last quarter. Astoria Portfolio Advisors LLC. grew its holdings in American Financial Group by 4.9% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 1,727 shares of the insurance provider’s stock worth $222,000 after acquiring an additional 81 shares during the last quarter. Utah Retirement Systems grew its holdings in American Financial Group by 0.8% in the 4th quarter. Utah Retirement Systems now owns 11,917 shares of the insurance provider’s stock worth $1,632,000 after acquiring an additional 100 shares during the last quarter. Diversified Trust Co grew its holdings in American Financial Group by 4.6% in the 2nd quarter. Diversified Trust Co now owns 2,356 shares of the insurance provider’s stock worth $297,000 after acquiring an additional 103 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in American Financial Group by 15.6% in the 2nd quarter. UMB Bank n.a. now owns 776 shares of the insurance provider’s stock worth $98,000 after acquiring an additional 105 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

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.