American Financial Group (NYSE:AFG) Given New $150.00 Price Target at Piper Sandler

American Financial Group (NYSE:AFG) had its target price increased by research analysts at Piper Sandler from $135.00 to $150.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the insurance provider’s stock. Piper Sandler’s price objective points to a potential upside of 4.32% from the company’s current price.

Separately, BMO Capital Markets raised their target price on American Financial Group from $132.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday, October 8th.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $143.79 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. American Financial Group has a 1 year low of $108.20 and a 1 year high of $144.81. The business has a fifty day simple moving average of $134.68 and a 200 day simple moving average of $130.19. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 13.48 and a beta of 0.79.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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 return on equity of 19.97% and a net margin of 10.84%. The firm 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 business posted $2.45 earnings per share. American Financial Group’s revenue was up 10.8% on a year-over-year basis. As a group, sell-side analysts predict that American Financial Group will post 10.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Financial Group

A number of institutional investors have recently made changes to their positions in the business. Bridgewater Associates LP bought a new position in shares of American Financial Group in the third quarter worth about $722,000. BNP Paribas Financial Markets increased its stake in shares of American Financial Group by 55.5% in the third quarter. BNP Paribas Financial Markets now owns 94,975 shares of the insurance provider’s stock worth $12,784,000 after purchasing an additional 33,888 shares during the period. Brooklyn Investment Group bought a new position in shares of American Financial Group in the third quarter worth about $130,000. FMR LLC increased its stake in shares of American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of American Financial Group by 3.4% in the third quarter. The Manufacturers Life Insurance Company now owns 77,793 shares of the insurance provider’s stock worth $10,471,000 after purchasing an additional 2,575 shares during the period. 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.