Reassessing The Changing Outlook For American Financial Group Inc (AFG)

Currently, there are 83.64M common shares owned by the public and among those 72.79M shares have been available to trade.

The company’s stock has a 5-day price change of 1.54% and 2.86% over the past three months. AFG shares are trading 14.72% year to date (YTD), with the 12-month market performance up to 17.56% higher. It has a 12-month low price of $101.65 and touched a high of $137.71 over the same period. AFG has an average intraday trading volume of 269.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.09%, 5.42%, and 7.69% respectively.

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Institutional ownership of American Financial Group Inc (NYSE: AFG) shares accounts for 66.65% of the company’s 83.64M shares outstanding.

It has a market capitalization of $11.21B and a beta (3y monthly) value of 0.78. The stock’s trailing 12-month PE ratio is 12.60, while the earnings-per-share (ttm) stands at $10.61. The company has a PEG of 4.81 and the debt-to-equity ratio at 0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.44% over the week and 1.55% over the month.

Analysts forecast that American Financial Group Inc (AFG) will achieve an EPS of 2.53 for the current quarter, 3.15 for the next quarter and 11.92 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 2.37 while analysts give the company a high EPS estimate of 2.37. Comparatively, EPS for the current quarter was 2.45 a year ago. Earnings per share for the fiscal year are expected to increase by 4.55%, and 8.01% over the next financial year. EPS should shrink at an annualized rate of 2.62% over the next five years, compared to 11.42% over the past 5-year period.

Looking at the support for the AFG, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on June 28, 2024, with the firm’s price target at $144-$137. Piper Sandler coverage for the American Financial Group Inc (AFG) stock in a research note released on February 08, 2024 offered a Neutral rating with a price target of $129. Janney was of a view on December 14, 2023 that the stock is Buy, while Citigroup gave the stock Buy rating on November 22, 2023, issuing a price target of $125. Jefferies on their part issued Hold rating on September 07, 2023.

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