Keefe, Bruyette & Woods Cuts American Financial Group (NYSE:AFG) Price Target to $164.00

American Financial Group (NYSE:AFG - Get Free Report) had its price objective lowered by research analysts at Keefe, Bruyette & Woods from $165.00 to $164.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "outperform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' target price indicates a potential upside of 26.19% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Piper Sandler increased their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. BMO Capital Markets raised their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a report on Friday, November 15th.

American Financial Group Stock Performance

American Financial Group stock traded down $2.30 during trading hours on Friday, reaching $129.96. 394,316 shares of the company were exchanged, compared to its average volume of 295,636. The stock has a 50-day moving average of $138.94 and a 200 day moving average of $133.35. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group has a 12 month low of $115.64 and a 12 month high of $150.19. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 12.18 and a beta of 0.83.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts' consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the business posted $2.45 EPS. American Financial Group's revenue was up 10.8% compared to the same quarter last year. As a group, research analysts anticipate that American Financial Group will post 10.73 earnings per share for the current year.

Hedge Funds Weigh In On American Financial Group

Large investors have recently modified their holdings of the business. FMR LLC grew its position in shares of American Financial Group by 3.8% during the 3rd quarter. FMR LLC now owns 5,516,351 shares of the insurance provider's stock worth $742,501,000 after buying an additional 202,522 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of American Financial Group by 78.3% in the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider's stock valued at $44,832,000 after acquiring an additional 146,237 shares in the last quarter. Geode Capital Management LLC grew its position in American Financial Group by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider's stock valued at $208,699,000 after buying an additional 143,820 shares during the period. Bank of Montreal Can lifted its stake in American Financial Group by 251.1% in the second quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider's stock valued at $19,442,000 after purchasing an additional 105,764 shares during the last quarter. Finally, State Street Corp grew its stake in shares of American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider's stock worth $362,526,000 after acquiring an additional 104,172 shares during the period. Institutional investors 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.