In a report released today, Paul Newsome from Piper Sandler assigned a Hold rating to American Financial Group (AFG – Research Report), with a price target of $135.00. The company’s shares closed last Friday at $127.41.
According to TipRanks, Newsome is a 5-star analyst with an average return of 11.0% and a 68.87% success rate. Newsome covers the Financial sector, focusing on stocks such as American International Group, Chubb, and American Financial Group.
Currently, the analyst consensus on American Financial Group is a Moderate Buy with an average price target of $142.33.
Based on American Financial Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.08 billion and a net profit of $263 million. In comparison, last year the company earned a revenue of $1.93 billion and had a net profit of $276 million
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AFG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
American Financial Group (AFG) Company Description:
American Financial Group, Inc. is an insurance holding company. It engages in property and casualty insurance, focusing on commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. The company was founded by Carl Henry Lindner Jr. in 1959 and is headquartered in Cincinnati, OH.
