American Financial Group (NYSE:AFG) Issues Earnings Results

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

American Financial Group Stock Up 5.0 %

Shares of AFG opened at $133.76 on Thursday. The company has a market capitalization of $11.22 billion, a P/E ratio of 12.62 and a beta of 0.79. 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 has a one year low of $107.11 and a one year high of $138.81. The business’s 50 day simple moving average is $133.96 and its 200-day simple moving average is $129.78.

American Financial Group Increases Dividend

The firm also recently announced 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. This is an increase from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend is Friday, November 15th. American Financial Group’s payout ratio is presently 30.19%.

Analyst Ratings Changes

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

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.