American Financial Group (NYSE:AFG) Posts Quarterly Earnings Results, Beats Expectations By $0.11 EPS

American Financial Group (NYSE:AFG) posted its quarterly earnings results on Tuesday. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.45 by $0.11, Briefing.com reports. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.72 billion. American Financial Group had a net margin of 11.03% and a return on equity of 21.34%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.38 earnings per share.

American Financial Group Stock Performance

Shares of NYSE:AFG traded down $0.87 during trading on Wednesday, reaching $123.47. The stock had a trading volume of 290,072 shares, compared to its average volume of 307,769. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of 11.82 and a beta of 0.78. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $125.88 and a two-hundred day simple moving average of $127.15. American Financial Group has a 52 week low of $105.22 and a 52 week high of $137.71.

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 15th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s dividend payout ratio is 27.18%.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, Director Amy Y. Murray purchased 1,200 shares of the stock in a transaction on Friday, June 28th. The shares were purchased at an average price of $125.17 per share, with a total value of $150,204.00. Following the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $150,204. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on AFG. Piper Sandler raised their price target on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and reduced their target price for the company from $144.00 to $137.00 in a research note on Friday, June 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $131.75.

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.