American Financial Group (NYSE:AFG) Given New $143.00 Price Target at BMO Capital Markets

American Financial Group (NYSE:AFG) had its price target hoisted by BMO Capital Markets from $135.00 to $143.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 3.68% from the stock’s previous close.

Separately, Piper Sandler lifted their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday.

American Financial Group Stock Down 2.9 %

Shares of NYSE:AFG traded down $4.09 during trading on Friday, hitting $137.92. 59,204 shares of the company’s stock traded hands, compared to its average volume of 301,973. American Financial Group has a 52 week low of $108.39 and a 52 week high of $144.81. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 12.93 and a beta of 0.79. The company has a 50-day moving average price of $134.68 and a 200-day moving average price of $130.19.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC boosted its stake in American Financial Group by 16.9% in the 3rd quarter. HighTower Advisors LLC now owns 11,973 shares of the insurance provider’s stock valued at $1,621,000 after purchasing an additional 1,734 shares during the period. Holocene Advisors LP increased its stake in shares of American Financial Group by 25.4% in the third quarter. Holocene Advisors LP now owns 36,119 shares of the insurance provider’s stock valued at $4,862,000 after buying an additional 7,322 shares during the period. Erste Asset Management GmbH bought a new stake in shares of American Financial Group during the 3rd quarter valued at about $243,000. Edgestream Partners L.P. bought a new position in American Financial Group in the third quarter worth approximately $874,000. Finally, Captrust Financial Advisors boosted its holdings in American Financial Group by 9.5% in the third quarter. Captrust Financial Advisors now owns 4,128 shares of the insurance provider’s stock worth $556,000 after acquiring an additional 357 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.