American Financial Group, Inc. (NYSE:AFG) Raises Dividend to $4.00 Per Share

American Financial Group, Inc. (NYSE:AFG) announced a None dividend on Tuesday, November 5th,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 4.00 per share by the insurance provider on Tuesday, November 26th. The ex-dividend date is Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00.

American Financial Group has increased its dividend payment by an average of 12.0% per year over the last three years and has increased its dividend every year for the last 19 years. American Financial Group has a payout ratio of 26.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Financial Group to earn $11.71 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 27.3%.

American Financial Group Price Performance

Shares of NYSE:AFG traded down $1.83 during midday trading on Thursday, hitting $141.96. The company had a trading volume of 24,750 shares, compared to its average volume of 301,595. American Financial Group has a twelve month low of $108.39 and a twelve month high of $144.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 13.48 and a beta of 0.79. The business’s 50-day simple moving average is $134.68 and its 200-day simple moving average is $130.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS 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 business posted $2.45 EPS. American Financial Group’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, research analysts predict that American Financial Group will post 10.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AFG. BMO Capital Markets raised their target price on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 8th. Piper Sandler raised their target price on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday.

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.