American Financial Group, Inc. (AFG) to Issue None Dividend of $4.00 on November 26th

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 of this dividend is Friday, November 15th. This is an increase 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% annually over the last three years and has raised its dividend every year for the last 19 years. American Financial Group has a dividend payout ratio of 26.8% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.9 %

American Financial Group stock opened at $143.53 on Wednesday. American Financial Group has a 12 month low of $107.73 and a 12 month high of $143.70. The company has a market capitalization of $12.05 billion, a price-to-earnings ratio of 13.45 and a beta of 0.79. The business’s fifty day simple moving average is $134.48 and its two-hundred day simple moving average is $130.09. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $2.45 earnings per share. As a group, equities analysts predict that American Financial Group will post 10.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AFG has been the topic of a number of research analyst reports. BMO Capital Markets upped their price target on American Financial Group from $132.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday, October 8th. Piper Sandler upped 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.

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.