KBW Sticks to Its Hold Rating for American Financial Group (AFG)
In a report released on November 7, Meyer Shields from KBW maintained a Hold rating on American Financial Group, with a price target of $136.00.
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Shields covers the Financial sector, focusing on stocks such as Allstate, Arthur J Gallagher & Co, and Arch Capital Group. According to TipRanks, Shields has an average return of 11.4% and a 65.11% success rate on recommended stocks.
In addition to KBW, American Financial Group also received a Hold from Piper Sandler’s Paul Newsome in a report issued on November 6. However, on November 5, TR | OpenAI – 4o reiterated a Buy rating on American Financial Group (NYSE: AFG).
Based on American Financial Group’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.33 billion and a net profit of $215 million. In comparison, last year the company earned a revenue of $2.36 billion and had a net profit of $181 million
Based on the recent corporate insider activity of 36 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. Earlier this month, Brian S. Hertzman, the SVP, CFO of AFG sold 1,777.00 shares for a total of $253,240.27.
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