American Financial Group, Inc. (AFG) To Go Ex-Dividend on January 14th

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 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, January 14th.

American Financial Group has raised 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% 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 Down 0.3 %

AFG stock opened at $135.00 on Friday. The firm has a market capitalization of $11.33 billion, a PE ratio of 12.65 and a beta of 0.83. 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 has a twelve month low of $115.64 and a twelve month high of $150.19. The stock’s 50 day moving average is $138.73 and its 200-day moving average is $133.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (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 firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. Sell-side analysts expect that American Financial Group will post 10.73 EPS for the current fiscal year.

Analysts Set New Price Targets

AFG has been the subject of several research reports. BMO Capital Markets increased their price objective on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Piper Sandler boosted their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th.

About American Financial Group

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.