Keefe, Bruyette & Woods Downgrades American Financial Group (NYSE:AFG) to Market Perform

American Financial Group (NYSE:AFG) was downgraded by research analysts at Keefe, Bruyette & Woods to a “market perform” rating in a research report issued on Friday, Stock Target Advisor reports. They currently have a $144.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 11.86% from the stock’s current price.

Several other research firms also recently commented on AFG. Piper Sandler raised their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. BMO Capital Markets raised their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th.

American Financial Group Price Performance

American Financial Group stock opened at $128.74 on Friday. The firm has a 50-day moving average price of $137.23 and a 200-day moving average price of $134.81. The firm has a market capitalization of $10.80 billion, a PE ratio of 12.07 and a beta of 0.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group has a 12-month low of $115.64 and a 12-month high of $150.19.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. As a group, equities research analysts forecast that American Financial Group will post 10.83 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. increased its position in American Financial Group by 1.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider’s stock valued at $794,000 after purchasing an additional 81 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of American Financial Group by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after buying an additional 83 shares during the last quarter. Shoker Investment Counsel Inc. grew its position in shares of American Financial Group by 3.3% in the 4th quarter. Shoker Investment Counsel Inc. now owns 2,648 shares of the insurance provider’s stock worth $363,000 after buying an additional 85 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in shares of American Financial Group by 4.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,226 shares of the insurance provider’s stock worth $305,000 after buying an additional 97 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of American Financial Group by 0.8% in the 4th quarter. Van ECK Associates Corp now owns 12,040 shares of the insurance provider’s stock worth $1,649,000 after buying an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Company Profile

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.