American Financial Group, Inc. (AFG) To Go Ex-Dividend on November 16th

American Financial Group, Inc. (NYSE:AFG) announced a special dividend on Tuesday, November 3rd. Investors of record on Monday, November 16th will be paid a dividend of $3.50 per share by the insurance provider on Wednesday, November 25th. The ex-dividend date is Monday, November 16th.

American Financial Group has raised its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 19 consecutive years. American Financial Group has a dividend payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect American Financial Group to earn $11.98 per share next year, which means the company should continue to be able to cover its $3.88 annual dividend with an expected future payout ratio of 32.4%.

American Financial Group Stock Performance

NYSE:AFG opened at $154.36 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $12.80 billion, a PE ratio of 12.59 and a beta of 0.55. American Financial Group has a fifty-two week low of $123.09 and a fifty-two week high of $156.24. The company has a fifty day moving average of $144.40 and a two-hundred day moving average of $136.76.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.17. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.40 billion. American Financial Group had a net margin of 11.96% and a return on equity of 22.50%. During the same quarter last year, the business earned $2.69 earnings per share. As a group, research analysts forecast that American Financial Group will post 12.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

AFG has been the topic of several research reports. Weiss Ratings upgraded American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Piper Sandler boosted their price target on American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Wells Fargo & Company reduced their price objective on American Financial Group from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Wall Street Zen upgraded American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of American Financial Group from $153.00 to $147.00 and set a “market perform” rating on the stock in a research note on Monday, October 12th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Financial Group has a consensus rating of “Hold” and an average price target of $152.75.

About American Financial Group

American Financial Group, Inc (NYSE:AFG) is an insurance holding company headquartered in Cincinnati, Ohio. Through its Great American Insurance Group operations, the company primarily provides property and casualty insurance, with an emphasis on specialty commercial products and markets.

Its insurance offerings serve businesses, organizations and individuals across a range of industries. Product lines have included commercial property and liability coverage, workers’ compensation, transportation, agriculture and crop insurance, marine and other specialty risks.