Citigroup Lowers American Financial Group (NYSE:AFG) to Neutral

Citigroup downgraded shares of American Financial Group (NYSE:AFG) from a buy rating to a neutral rating in a research note issued to investors on Friday, MarketBeat reports. The firm currently has $137.00 price objective on the insurance provider’s stock, down from their prior price objective of $144.00.

Separately, Piper Sandler lifted their target price on American Financial Group from $129.00 to $135.00 and gave the stock a neutral rating in a research note on Monday, May 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, American Financial Group has a consensus rating of Hold and an average target price of $131.75.

American Financial Group Stock Performance

Shares of AFG stock opened at $123.02 on Friday. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 11.77 and a beta of 0.79. American Financial Group has a 52 week low of $105.22 and a 52 week high of $137.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $128.25 and a 200-day moving average of $125.96.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.06. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. The business had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business earned $2.89 EPS. On average, equities analysts forecast that American Financial Group will post 10.94 earnings per share for the current year.

Insider Buying and Selling at American Financial Group

In related news, Director Amy Y. Murray bought 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $125.17 per share, with a total value of $150,204.00. Following the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at $150,204. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 14.50% of the company’s stock.

Institutional Trading of American Financial Group

Large investors have recently modified their holdings of the business. VisionPoint Advisory Group LLC lifted its position in American Financial Group by 132.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after buying an additional 155 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in American Financial Group in the fourth quarter worth $42,000. Covestor Ltd grew its stake in 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 purchasing an additional 346 shares during the period. GAMMA Investing LLC purchased a new stake in American Financial Group in the fourth quarter worth $53,000. Finally, Abich Financial Wealth Management LLC grew its stake in 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 purchasing an additional 523 shares during the period. 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.