Analysts at Morgan Stanley started coverage on shares of American Financial Group (NYSE:AFG – Get Rating) in a research report issued on Friday, The Fly reports. The firm set an “equal weight” rating and a $147.00 price target on the insurance provider’s stock. Morgan Stanley’s target price points to a potential upside of 10.58% from the company’s current price.
A number of other research analysts have also recently commented on the company. StockNews.com began coverage on American Financial Group in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods upped their price target on American Financial Group to $178.00 and gave the stock a “na” rating in a research note on Monday, May 16th.
American Financial Group Trading Up 0.4%
AFG opened at $132.94 on Friday. American Financial Group has a one year low of $122.65 and a one year high of $152.29. The stock has a market capitalization of $11.31 billion, a PE ratio of 6.09 and a beta of 0.88. The business’s 50 day moving average price is $137.67 and its 200 day moving average price is $138.42. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.45 and a current ratio of 0.45.
American Financial Group (NYSE:AFG – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The insurance provider reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $1.11. American Financial Group had a return on equity of 21.08% and a net margin of 28.14%. The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $2.38 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that American Financial Group will post 11.02 EPS for the current year.
Insiders Place Their Bets
In other American Financial Group news, Director Terry S. Jacobs sold 293 shares of the company’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $140.03, for a total transaction of $41,028.79. Following the transaction, the director now directly owns 6,850 shares in the company, valued at $959,205.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.60% of the stock is owned by insiders.
Institutional Trading of American Financial Group
A number of large investors have recently modified their holdings of AFG. AE Wealth Management LLC increased its position in shares of American Financial Group by 3.3% during the fourth quarter. AE Wealth Management LLC now owns 6,033 shares of the insurance provider’s stock worth $828,000 after acquiring an additional 192 shares during the period. Retirement Systems of Alabama increased its position in shares of American Financial Group by 29.0% during the fourth quarter. Retirement Systems of Alabama now owns 166,123 shares of the insurance provider’s stock worth $22,812,000 after acquiring an additional 37,330 shares during the period. Sciencast Management LP purchased a new stake in shares of American Financial Group during the fourth quarter worth $1,160,000. Boston Trust Walden Corp increased its position in shares of American Financial Group by 0.5% during the fourth quarter. Boston Trust Walden Corp now owns 199,555 shares of the insurance provider’s stock worth $27,403,000 after acquiring an additional 1,001 shares during the period. Finally, AustralianSuper Pty Ltd purchased a new stake in shares of American Financial Group during the fourth quarter worth $7,078,000. Hedge funds and other institutional investors own 64.93% of the company’s stock.
About American Financial Group
American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.
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