American Financial Group (NYSE:AFG) Now Covered by Analysts at StockNews.com

Posted by on May 18th, 2023

Analysts at StockNews.com initiated coverage on shares of American Financial Group (NYSE:AFG – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the insurance provider’s stock.

A number of other research firms have also commented on AFG. BMO Capital Markets began coverage on shares of American Financial Group in a report on Thursday, January 19th. They set a “market perform” rating and a $155.00 price target for the company. Piper Sandler upped their price objective on shares of American Financial Group from $166.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 4th.

American Financial Group Stock Performance

NYSE AFG opened at $115.59 on Thursday. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 12.02 and a beta of 0.82. The company has a 50-day simple moving average of $119.63 and a two-hundred day simple moving average of $131.75. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.38. American Financial Group has a 12-month low of $113.43 and a 12-month high of $150.98.

American Financial Group (NYSE:AFG – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The insurance provider reported $2.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.01. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.57 billion. American Financial Group had a return on equity of 23.44% and a net margin of 11.40%. During the same period last year, the company earned $3.56 EPS. American Financial Group’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that American Financial Group will post 11.55 EPS for the current year.

Institutional Investors Weigh In On American Financial Group

Large investors have recently modified their holdings of the stock. Machina Capital S.A.S. bought a new stake in shares of American Financial Group during the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. lifted its stake in shares of American Financial Group by 219.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 201 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 138 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of American Financial Group in the 4th quarter valued at approximately $29,000. Proficio Capital Partners LLC purchased a new position in shares of American Financial Group in the 1st quarter valued at approximately $31,000. Finally, Money Concepts Capital Corp purchased a new position in shares of American Financial Group in the 4th quarter valued at approximately $35,000. Institutional investors own 64.04% of the company’s stock.

American Financial Group Company Profile

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American Financial Group, Inc is an insurance holding company, which engages in property and casualty insurance, focusing on commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Its Property and Casualty Insurance Products include Property and Transportation, Specialty Casualty, and Specialty Financial.

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