American Financial Group (AFG) Given Buy Rating at Sandler O’Neill

American Financial Group (NYSE:AFG)‘s stock had its “buy” rating reissued by equities research analysts at Sandler O’Neill in a note issued to investors on Wednesday. They presently have a $119.00 price target on the insurance provider’s stock. Sandler O’Neill’s price target indicates a potential upside of 9.01% from the stock’s current price.

Separately, Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th.

American Financial Group (NYSE AFG) traded up $0.82 during trading hours on Wednesday, hitting $109.16. The stock had a trading volume of 259,259 shares, compared to its average volume of 268,726. American Financial Group has a fifty-two week low of $85.57 and a fifty-two week high of $109.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $9,546.14, a PE ratio of 14.01, a PEG ratio of 1.32 and a beta of 0.85.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. During the same quarter in the previous year, the business posted $1.51 EPS. American Financial Group’s revenue for the quarter was up 9.3% on a year-over-year basis. equities analysts anticipate that American Financial Group will post 6.05 earnings per share for the current year.

In related news, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total value of $5,310,500.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Virginia Drosos sold 1,438 shares of American Financial Group stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $104.21, for a total value of $149,853.98. Following the completion of the sale, the director now directly owns 8,034 shares in the company, valued at approximately $837,223.14. The disclosure for this sale can be found here. In the last three months, insiders sold 201,438 shares of company stock worth $21,166,854. 14.90% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in American Financial Group by 17.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 90,780 shares of the insurance provider’s stock valued at $9,853,000 after buying an additional 13,700 shares during the last quarter. Sit Investment Associates Inc. acquired a new stake in American Financial Group in the 4th quarter valued at approximately $7,081,000. Public Employees Retirement System of Ohio raised its position in American Financial Group by 71.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 53,742 shares of the insurance provider’s stock valued at $5,560,000 after buying an additional 22,452 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in American Financial Group in the 3rd quarter valued at approximately $211,000. Finally, Belpointe Asset Management LLC acquired a new position in shares of American Financial Group during the 3rd quarter worth approximately $973,000. 61.40% of the stock is currently owned by institutional investors and hedge funds.

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About American Financial Group

American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.

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