Wells Fargo & Company Increases American Financial Group (NYSE:AFG) Price Target to $158.00

American Financial Group (NYSE:AFG) had its price objective boosted by research analysts at Wells Fargo & Company from $155.00 to $158.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 19.58% from the company’s current price.

AFG has been the subject of a number of other research reports. Keefe, Bruyette & Woods raised their price target on shares of American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Weiss Ratings upgraded American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Finally, Piper Sandler boosted their price target on American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, American Financial Group currently has a consensus rating of “Hold” and an average target price of $143.75.

American Financial Group Stock Up 0.4%

Shares of AFG stock opened at $132.13 on Wednesday. American Financial Group has a one year low of $120.52 and a one year high of $150.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a fifty day moving average price of $129.85 and a 200 day moving average price of $132.38. The stock has a market cap of $10.98 billion, a P/E ratio of 12.56 and a beta of 0.65.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, April 29th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a net margin of 10.76% and a return on equity of 19.49%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.81 EPS. Analysts predict that American Financial Group will post 10.98 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Brian S. Hertzman sold 1,663 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $133.70, for a total value of $222,343.10. Following the completion of the transaction, the chief financial officer owned 12,073 shares in the company, valued at $1,614,160.10. The trade was a 12.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 16.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Financial Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC lifted its stake in shares of American Financial Group by 904.8% during the fourth quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 190 shares during the period. Root Financial Partners LLC acquired a new stake in American Financial Group in the third quarter worth about $34,000. Clearstead Advisors LLC raised its holdings in American Financial Group by 87.7% during the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 121 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in American Financial Group by 165.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 273 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 170 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new position in American Financial Group during the 3rd quarter valued at about $44,000. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.