American Financial Group, Inc. to Issue Quarterly Dividend of $0.80 (NYSE:AFG)

American Financial Group, Inc. (NYSE:AFG) announced 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 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, January 14th.

American Financial Group has raised its dividend by an average of 12.0% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. American Financial Group has a dividend payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. 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 Stock Performance

Shares of AFG stock opened at $135.00 on Friday. The company has a market capitalization of $11.33 billion, a P/E ratio of 12.65 and a beta of 0.83. American Financial Group has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a 50 day moving average price of $138.73 and a two-hundred day moving average price of $133.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (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 during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business earned $2.45 EPS. American Financial Group’s revenue was up 10.8% on a year-over-year basis. Analysts expect that American Financial Group will post 10.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AFG. Piper Sandler boosted their price target on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a 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 research note on Friday, November 15th.

About American Financial Group

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.