American Financial Group, Inc. (AFG) to Issue Quarterly Dividend of $0.80 on January 24th

American Financial Group, Inc. (NYSE:AFG) announced a quarterly dividend on Thursday, January 2nd,RTT News reports. Shareholders 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 dividend yield of 2.46%. The ex-dividend date is Tuesday, January 14th.

American Financial Group has raised its dividend payment by an average of 12.5% annually over the last three years and has raised its dividend every year for the last 19 years. American Financial Group has a dividend payout ratio of 25.2% meaning 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

AFG opened at $129.96 on Friday. American Financial Group has a 12-month low of $115.64 and a 12-month high of $150.19. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 12.18 and a beta of 0.83. The business has a 50 day moving average of $138.99 and a 200-day moving average of $133.43. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the firm earned $2.45 earnings per share. American Financial Group’s revenue was up 10.8% on a year-over-year basis. On average, equities research analysts expect that American Financial Group will post 10.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets boosted their price objective on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Piper Sandler upped their price target on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods dropped their target price on American Financial Group from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday.

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.