While American Financial Group Inc has underperformed by -1.90%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, AFG rose by 21.60%, with highs and lows ranging from $150.19 to $110.10, whereas the simple moving average jumped by 4.63% in the last 200 days.
On June 28, 2024, Citigroup Downgraded American Financial Group Inc (NYSE: AFG) to Neutral. A report published by Piper Sandler on February 08, 2024, Downgraded its rating to ‘Neutral’ for AFG. Janney also rated AFG shares as ‘Buy’, setting a target price of $135 on the company’s shares in an initiating report dated December 14, 2023. Citigroup Initiated an Buy rating on November 22, 2023, and assigned a price target of $125. Jefferies initiated its ‘Hold’ rating for AFG, as published in its report on September 07, 2023. BMO Capital Markets’s report from January 20, 2023 suggests a price prediction of $155 for AFG shares, giving the stock a ‘Market Perform’ rating. Morgan Stanley also rated the stock as ‘Equal-Weight’.
Analysis of American Financial Group Inc (AFG)
A return on investment can be expected regardless of AFG’s performance over the next quarter with the dividend set at $3.02 per share. Further, the quarter-over-quarter increase in sales is 9.76%, showing a positive trend in the upcoming months.
To gain a thorough understanding of American Financial Group Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 20.60% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and AFG is recording an average volume of 347.20K. On a monthly basis, the volatility of the stock is set at 1.83%, whereas on a weekly basis, it is put at 1.99%, with a gain of 4.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $149.40, showing growth from the present price of $135.13, which can serve as yet another indication of whether AFG is worth investing in or should be passed over.
How Do You Analyze American Financial Group Inc Shares?
A leading company in the Insurance – Property & Casualty sector, American Financial Group Inc (AFG) is based in the USA. When comparing American Financial Group Inc shares with other companies under Financial, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 12.66, there is a growth in quarterly earnings of 3.23%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.73%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 66.34% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
AFG shares are owned by institutional investors to the tune of 66.34% at present.
