American Financial Group (NYSE:AFG) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of American Financial Group (NYSE:AFG) from a hold rating to a buy rating in a research report sent to investors on Friday, February 2nd.

Several other research firms also recently issued reports on AFG. Sandler O’Neill reissued a buy rating and issued a $119.00 target price on shares of American Financial Group in a research report on Wednesday, January 10th. Bank of America upped their target price on American Financial Group from $120.00 to $122.00 and gave the company a buy rating in a research report on Thursday, February 1st. Finally, Zacks Investment Research downgraded American Financial Group from a buy rating to a hold rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $116.75.

American Financial Group (AFG) traded up $0.56 during midday trading on Friday, hitting $109.00. The company had a trading volume of 570,261 shares, compared to its average volume of 364,038. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. American Financial Group has a 52-week low of $90.35 and a 52-week high of $121.69. The firm has a market cap of $9,621.98, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.10 and a beta of 0.82.

American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $1.98 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. sell-side analysts predict that American Financial Group will post 8.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Monday, January 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.28%. The ex-dividend date was Thursday, January 11th. American Financial Group’s payout ratio is 26.42%.

In other American Financial Group news, VP Vito C. Peraino sold 51,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $113.86, for a total value of $5,806,860.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Virginia Drosos sold 1,438 shares of the company’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $104.21, for a total transaction of $149,853.98. Following the completion of the sale, the director now directly owns 8,034 shares in the company, valued at $837,223.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 252,438 shares of company stock worth $26,973,714. 14.90% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Swiss National Bank boosted its stake in shares of American Financial Group by 1.2% during the 3rd quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock worth $28,397,000 after acquiring an additional 3,200 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of American Financial Group by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 139,108 shares of the insurance provider’s stock worth $14,388,000 after acquiring an additional 40,512 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of American Financial Group by 107.4% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 105,000 shares of the insurance provider’s stock worth $10,432,000 after acquiring an additional 54,361 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of American Financial Group during the 3rd quarter worth about $272,000. Finally, Shelton Capital Management purchased a new stake in shares of American Financial Group during the 2nd quarter worth about $554,000. 61.29% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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