Keefe, Bruyette & Woods Starts American Financial (AFG) at Outperform; Shares Attractively Valued

Keefe, Bruyette & Woods initiates coverage on American Financial (NYSE: AFG) with a Outperform. PT $40.00.

KBW analyst says, "AFG has top-tier expertise in specialized lines such as crop, equine mortality, armored cars, casinos, and transportation, allowing AFG to write profitable business within a more stable pricing environment, leading to margins that outperform the industry. AFG has an annuity and supplemental business adding significant value to the bottom line, as well as a very strong capital position. We view AFG shares as attractively valued at roughly 0.7x BV and initiate with an Outperform rating."

For more ratings news on American Financial click here and for the rating history of American Financial click here.

Shares of American Financial closed at $32.59 yesterday.

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