Keefe, Bruyette & Woods Lowers American Financial Group (NYSE:AFG) Price Target to $126.00

American Financial Group (NYSE:AFG - Get Free Report) had its price target lowered by stock analysts at Keefe, Bruyette & Woods from $144.00 to $126.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target indicates a potential downside of 1.91% from the stock's current price.

American Financial Group Stock Performance

Shares of NYSE AFG traded up $2.74 during midday trading on Wednesday, reaching $128.46. The company had a trading volume of 118,930 shares, compared to its average volume of 370,307. American Financial Group has a 1 year low of $114.73 and a 1 year high of $150.19. The business's 50-day simple moving average is $125.37 and its 200 day simple moving average is $132.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market cap of $10.75 billion, a P/E ratio of 12.15 and a beta of 0.59.

American Financial Group (NYSE:AFG - Get Free Report) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. On average, analysts forecast that American Financial Group will post 10.5 earnings per share for the current fiscal year.

Insider Buying and Selling at American Financial Group

In related news, Director Gregory G. Joseph acquired 3,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was acquired at an average price of $121.00 per share, with a total value of $363,000.00. Following the acquisition, the director now directly owns 57,477 shares in the company, valued at $6,954,717. This represents a 5.51 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AFG. Captrust Financial Advisors grew its stake in shares of American Financial Group by 9.5% during the 3rd quarter. Captrust Financial Advisors now owns 4,128 shares of the insurance provider's stock worth $556,000 after purchasing an additional 357 shares during the period. HighTower Advisors LLC grew its position in American Financial Group by 16.9% during the third quarter. HighTower Advisors LLC now owns 11,973 shares of the insurance provider's stock valued at $1,621,000 after buying an additional 1,734 shares during the period. Quantinno Capital Management LP increased its holdings in American Financial Group by 6.0% in the third quarter. Quantinno Capital Management LP now owns 5,069 shares of the insurance provider's stock valued at $682,000 after buying an additional 286 shares in the last quarter. Stifel Financial Corp raised its position in shares of American Financial Group by 0.7% in the third quarter. Stifel Financial Corp now owns 44,609 shares of the insurance provider's stock worth $6,004,000 after acquiring an additional 330 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in shares of American Financial Group during the 3rd quarter worth about $225,000. 64.37% of the stock is currently owned by hedge funds and other 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.