BMO Capital Markets Raises American Financial Group (NYSE:AFG) Price Target to $143.00

American Financial Group (NYSE:AFG) had its target price boosted by BMO Capital Markets from $135.00 to $143.00 in a report published on Friday,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Separately, Piper Sandler boosted their price objective on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

American Financial Group Trading Up 1.3 %

Shares of AFG opened at $139.62 on Friday. The stock’s 50-day moving average is $134.93 and its two-hundred day moving average is $130.37. The stock has a market cap of $11.72 billion, a PE ratio of 12.91 and a beta of 0.79. American Financial Group has a 12 month low of $108.39 and a 12 month high of $144.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.46.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 EPS. Equities analysts forecast that American Financial Group will post 10.88 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a $4.00 dividend. This is a boost from American Financial Group’s previous None dividend of $1.00. The ex-dividend date is Friday, November 15th. American Financial Group’s payout ratio is 29.99%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in shares of American Financial Group in the second quarter worth about $30,000. Headlands Technologies LLC acquired a new position in shares of American Financial Group in the second quarter worth about $38,000. Covestor Ltd lifted its stake in shares of American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 133 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of American Financial Group by 10,460.0% in the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 523 shares in the last quarter. Institutional investors and hedge funds own 64.37% 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. 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.