American Financial Group, Inc. (NYSE:AFG) Announces None Dividend of $4.00

American Financial Group, Inc. (NYSE:AFG) announced a None dividend on Tuesday, November 5th,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 4.00 per share by the insurance provider on Tuesday, November 26th. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00.

American Financial Group has raised its dividend payment 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 payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Financial Group to earn $11.71 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 27.3%.

American Financial Group Stock Down 1.3 %

American Financial Group stock traded down $1.83 during midday trading on Thursday, reaching $141.96. The company’s stock had a trading volume of 24,750 shares, compared to its average volume of 301,595. American Financial Group has a fifty-two week low of $108.39 and a fifty-two week high of $144.81. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The company has a market cap of $11.91 billion, a P/E ratio of 13.48 and a beta of 0.79. The business has a 50-day simple moving average of $134.68 and a 200-day simple moving average of $130.19.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $2.45 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts expect that American Financial Group will post 10.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AFG shares. BMO Capital Markets lifted their target price on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 8th. Piper Sandler lifted their target price on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday.

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.