American Financial Group (NYSE:AFG) Price Target Raised to $150.00 at Piper Sandler

American Financial Group (NYSE:AFG - Get Free Report) had its target price raised by equities researchers at Piper Sandler from $135.00 to $150.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the insurance provider's stock. Piper Sandler's target price would indicate a potential upside of 4.51% from the company's current price.

Separately, BMO Capital Markets upped their price objective on shares of American Financial Group from $132.00 to $135.00 and gave the stock a "market perform" rating in a report on Tuesday, October 8th.

American Financial Group Trading Up 0.9 %

Shares of AFG stock traded up $1.32 during mid-day trading on Tuesday, reaching $143.53. The stock had a trading volume of 373,215 shares, compared to its average volume of 303,035. The stock's 50-day moving average price is $134.48 and its two-hundred day moving average price is $130.09. American Financial Group has a 52-week low of $107.73 and a 52-week high of $143.70. The firm has a market capitalization of $12.04 billion, a PE ratio of 13.45 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 20.45%. The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. American Financial Group's quarterly revenue was up 10.8% compared to the same quarter last year. Equities analysts expect that American Financial Group will post 10.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Innealta Capital LLC bought a new position in American Financial Group in the second quarter worth approximately $30,000. Headlands Technologies LLC purchased a new stake in shares of American Financial Group in the second quarter worth $38,000. Covestor Ltd grew its stake in American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 346 shares in the last quarter. Blue Trust Inc. grew its stake in American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 133 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its stake in American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider's stock valued at $72,000 after acquiring an additional 523 shares in the last quarter. 64.37% of the stock is currently owned by 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.