American Financial Group Inc (NYSE:AFG) announced a quarterly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.45 per share by the insurance provider on Friday, October 25th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, October 11th. This is a boost from American Financial Group’s previous quarterly dividend of $0.40.
American Financial Group has increased its dividend by an average of 12.1% annually over the last three years and has raised its dividend every year for the last 13 years. American Financial Group has a dividend payout ratio of 21.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect American Financial Group to earn $9.08 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 19.8%.
American Financial Group stock opened at $100.52 on Wednesday. The company’s 50 day simple moving average is $104.06 and its 200-day simple moving average is $101.80. The company has a market capitalization of $9.38 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84. American Financial Group has a 1 year low of $84.18 and a 1 year high of $113.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.15 and a current ratio of 0.15.
American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.11. The business had revenue of $1.20 billion for the quarter. American Financial Group had a net margin of 9.29% and a return on equity of 13.39%. American Financial Group’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $2.04 earnings per share. Equities analysts expect that American Financial Group will post 8.65 earnings per share for the current year.
In related news, CEO Carl H. Lindner III sold 117,000 shares of American Financial Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $104.11, for a total value of $12,180,870.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO S Craig Lindner sold 15,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $108.64, for a total transaction of $1,629,600.00. Insiders sold 157,659 shares of company stock valued at $16,533,319 in the last 90 days. Company insiders own 11.90% of the company’s stock.
AFG has been the subject of a number of research reports. Buckingham Research upgraded shares of American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a report on Thursday, June 13th. Zacks Investment Research upgraded shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price objective for the company in a report on Wednesday, August 14th.
American Financial Group Company Profile
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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