American Financial Group (NYSE:AFG) Announces Earnings Results

American Financial Group (NYSE:AFG) announced its quarterly earnings results on Tuesday. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03), Zacks reports. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%.

American Financial Group Trading Down 0.5 %

Shares of NYSE:AFG traded down $0.66 during trading hours on Tuesday, hitting $136.04. 447,947 shares of the company’s stock traded hands, compared to its average volume of 297,734. The firm has a market capitalization of $11.42 billion, a P/E ratio of 12.75 and a beta of 0.83. The business has a fifty day moving average price of $138.13 and a 200-day moving average price of $134.75. American Financial Group has a 1 year low of $115.64 and a 1 year high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Piper Sandler boosted their target price 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. BMO Capital Markets upped their price objective on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. 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 research report on Friday, January 10th.

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.