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

American Financial Group, Inc. (NYSE:AFG) declared a quarterly dividend on Tuesday, April 1st, RTT News reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.80 per share by the insurance provider on Friday, April 25th. This represents a $3.20 dividend on an annualized basis 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 increased 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. 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 Stock Up 0.1 %

AFG stock opened at $132.27 on Thursday. The firm has a 50-day moving average price of $127.89 and a 200-day moving average price of $133.76. 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. The stock has a market capitalization of $11.11 billion, a P/E ratio of 12.51 and a beta of 0.79.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. As a group, equities research analysts anticipate that American Financial Group will post 10.5 EPS for the current fiscal year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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

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.