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

American Financial Group, Inc. (NYSE:AFG - Get Free Report) declared a quarterly dividend on Thursday, January 2nd,RTT News reports. Stockholders 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 dividend yield of 2.36%.

American Financial Group has raised its dividend by an average of 12.0% per year over the last three years and has raised its dividend every year for the last 19 years. American Financial Group has a 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 Stock Performance

NYSE:AFG traded down $1.51 during trading hours on Thursday, reaching $135.42. 262,402 shares of the company's stock were exchanged, compared to its average volume of 312,935. American Financial Group has a 1-year low of $115.64 and a 1-year high of $150.19. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 12.69 and a beta of 0.82. The company has a 50-day moving average of $138.56 and a 200 day moving average of $133.11.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BMO Capital Markets upped 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. Piper Sandler upped 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 report 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.