American Financial Group has raised its dividend payment by an average of 12.0% annually over the last three years and has increased its dividend every year for the last 18 years. Analysts expect American Financial Group to earn $11.70 per share next year, which means the company should continue to be able to cover its $2.84 annual dividend with an expected future payout ratio of 24.3%.
American Financial Group Trading Up 0.5 %
American Financial Group stock opened at $135.34 on Wednesday. American Financial Group has a one year low of $105.22 and a one year high of $137.95. The business’s fifty day moving average is $131.33 and its 200 day moving average is $129.45. The stock has a market capitalization of $11.35 billion, a PE ratio of 12.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46.
American Financial Group (NYSE:AFG – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. The business’s quarterly revenue was up 3.3% compared to the same quarter last year.
Analyst Ratings Changes
Separately, Citigroup lowered shares of American Financial Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $144.00 to $137.00 in a research report on Friday, June 28th.
Check Out Our Latest Report on American Financial Group
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, specialty casualty insurance, and specialty financial insurance products.
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