American Financial Group (AFG) Gets a Hold Rating from Raymond James
Raymond James analyst Charles Peters maintained a Hold rating on American Financial Group (AFG) today. The company’s shares closed last Friday at $74.94.
According to TipRanks.com, Peters is a 4-star analyst with an average return of 6.9% and a 61.1% success rate. Peters covers the Financial sector, focusing on stocks such as Argo Group International Holdings, American Equity Investment Life, and Hallmark Financial Services.
Currently, the analyst consensus on American Financial Group is a Moderate Buy with an average price target of $88.00.
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Based on American Financial Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.95 billion and net profit of $177 million. In comparison, last year the company earned revenue of $1.96 billion and had a net profit of $210 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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, 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.