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

American Financial Group, Inc. (NYSE:AFG) announced a quarterly dividend on Thursday, January 2nd,RTT News reports. Stockholders of record on Tuesday, January 14th will be given 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 dividend yield of 2.36%.

American Financial Group has increased its dividend by an average of 12.0% annually over the last three years and has increased its dividend annually for the last 19 consecutive years. American Financial Group has a payout ratio of 27.0% indicating that 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 Trading Down 1.1 %

AFG opened at $135.42 on Friday. The stock has a 50-day moving average of $138.62 and a 200 day moving average of $133.12. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group has a 12 month low of $115.64 and a 12 month high of $150.19. The firm has a market cap of $11.37 billion, a P/E ratio of 12.69 and a beta of 0.83.

American Financial Group (NYSE:AFG) last announced 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 company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter last year, the firm posted $2.45 EPS. American Financial Group’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts forecast that American Financial Group will post 10.73 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.