American Financial Group (AFG) Downgraded to “Hold” at ValuEngine

American Financial Group (NYSE:AFG) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

AFG has been the subject of several other research reports. Sandler O’Neill reaffirmed 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 raised their target price on American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Zacks Investment Research cut 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, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $116.75.

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Shares of AFG traded down $1.89 during trading hours on Monday, hitting $110.33. 293,824 shares of the company were exchanged, compared to its average volume of 346,110. The firm has a market cap of $9,923.16, a PE ratio of 16.84, a P/E/G ratio of 0.88 and a beta of 0.78. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.24. American Financial Group has a one year low of $93.25 and a one year high of $121.69.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.53. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.11 billion. American Financial Group had a return on equity of 11.09% and a net margin of 6.92%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company posted $1.98 EPS. equities research analysts anticipate that American Financial Group will post 8.2 EPS for the current fiscal year.

In other news, VP Vito C. Peraino sold 51,000 shares of the firm’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $113.86, for a total value of $5,806,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gregory G. Joseph bought 500 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $113.50 per share, with a total value of $56,750.00. The disclosure for this purchase can be found here. Company insiders own 13.70% of the company’s stock.

Several institutional investors have recently modified their holdings of AFG. Janus Henderson Group PLC boosted its position in shares of American Financial Group by 166.0% in the third quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock worth $49,931,000 after buying an additional 301,200 shares during the period. Schroder Investment Management Group raised its holdings in shares of American Financial Group by 59.0% during the fourth quarter. Schroder Investment Management Group now owns 632,957 shares of the insurance provider’s stock worth $68,701,000 after acquiring an additional 234,900 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of American Financial Group by 21.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 878,626 shares of the insurance provider’s stock worth $95,366,000 after acquiring an additional 153,971 shares in the last quarter. APG Asset Management N.V. raised its holdings in shares of American Financial Group by 43.6% during the fourth quarter. APG Asset Management N.V. now owns 420,700 shares of the insurance provider’s stock worth $38,027,000 after acquiring an additional 127,800 shares in the last quarter. Finally, Investec Asset Management LTD raised its holdings in shares of American Financial Group by 10.5% during the fourth quarter. Investec Asset Management LTD now owns 1,294,622 shares of the insurance provider’s stock worth $140,518,000 after acquiring an additional 123,436 shares in the last quarter. 62.30% of the stock is 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.

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

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