American Financial Group, Inc. (AFG) To Go Ex-Dividend on January 15th

American Financial Group, Inc. (NYSE:AFG) announced a quarterly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.88 per share by the insurance provider on Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Thursday, January 15th.

American Financial Group has raised its dividend payment by an average of 0.1%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 29.8% 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 $3.52 annual dividend with an expected future payout ratio of 30.1%.

American Financial Group Stock Down 1.3%

AFG opened at $134.89 on Friday. American Financial Group has a fifty-two week low of $114.73 and a fifty-two week high of $150.02. The firm has a market capitalization of $11.25 billion, a P/E ratio of 14.17 and a beta of 0.70. The company’s 50-day moving average is $136.48 and its 200 day moving average is $134.25. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.55 and a quick ratio of 0.55.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 EPS for the quarter, beating the consensus estimate of $2.35 by $0.34. American Financial Group had a net margin of 9.66% and a return on equity of 18.05%. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.02 billion. During the same quarter last year, the business posted $2.31 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts expect that American Financial Group will post 10.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AFG shares. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler increased their price target on shares of American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Jefferies Financial Group restated a “hold” rating and set a $142.00 price objective on shares of American Financial Group in a report on Tuesday, November 11th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $135.00.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.