American Financial Group, Inc. (NYSE:AFG) to Issue Quarterly Dividend of $0.80

American Financial Group, Inc. (NYSE:AFG) declared a quarterly dividend on Tuesday, April 1st, RTT News reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.80 per share by the insurance provider on Friday, April 25th. This represents a $3.20 annualized dividend and a yield of 2.42%.

American Financial Group has increased its dividend by an average of 12.5% per year 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 27.4% 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 Price Performance

Shares of American Financial Group stock opened at $132.19 on Wednesday. The business’s 50-day moving average price is $127.93 and its 200-day moving average price is $133.77. The firm has a market capitalization of $11.10 billion, a PE ratio of 12.51 and a beta of 0.79. American Financial Group has a 12 month low of $118.97 and a 12 month high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Sell-side analysts forecast that American Financial Group will post 10.5 EPS for the current fiscal year.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph bought 3,000 shares of American Financial Group stock in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now owns 57,477 shares of the company’s stock, valued at approximately $6,954,717. This represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut American Financial Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $164.00 to $144.00 in a report on Friday, February 7th.

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.