American Financial Group (NYSE:AFG) Announces Quarterly Earnings Results

American Financial Group (NYSE:AFG) announced its quarterly earnings results on Tuesday. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20), Briefing.com reports. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 EPS.

American Financial Group Trading Up 5.0 %

NYSE AFG opened at $133.76 on Thursday. The company has a market cap of $11.22 billion, a PE ratio of 12.62 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. American Financial Group has a 12 month low of $107.11 and a 12 month high of $138.81. The stock has a 50 day moving average of $133.96 and a 200-day moving average of $129.78.

American Financial Group Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a $4.00 dividend. 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’s dividend payout ratio is presently 30.19%.

Analysts Set New Price Targets

Separately, BMO Capital Markets raised their price objective on shares of American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th.

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.