American Financial Group, Inc. (NYSE:AFG) Announces $0.80 Quarterly Dividend

American Financial Group, Inc. (NYSE:AFG) declared a quarterly dividend on Thursday, January 2nd,RTT News reports. Investors of record on Tuesday, January 14th will be paid a dividend of 0.80 per share by the insurance provider on Friday, January 24th. This represents a $3.20 dividend on an annualized basis and a yield of 2.36%.

American Financial Group has increased its dividend by an average of 12.0% per year over the last three years and has increased its dividend every year for the last 19 years. American Financial Group has a dividend payout ratio of 27.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Financial Group to earn $11.68 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 27.4%.

American Financial Group Price Performance

AFG opened at $135.42 on Friday. The firm has a market capitalization of $11.37 billion, a PE ratio of 12.69 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The business’s 50-day moving average is $138.62 and its two-hundred day moving average is $133.12. American Financial Group has a 1 year low of $115.64 and a 1 year high of $150.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.45 EPS. Research analysts anticipate that American Financial Group will post 10.73 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Piper Sandler raised their price objective on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised their price target on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.