American Financial Group (NYSE:AFG) Announces Earnings Results

American Financial Group (NYSE:AFG) released its earnings results on Tuesday. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20), Briefing.com reports. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business earned $2.45 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year.

American Financial Group Stock Up 0.3 %

Shares of NYSE AFG opened at $134.24 on Friday. The company has a 50 day simple moving average of $133.99 and a 200-day simple moving average of $129.81. The company has a market capitalization of $11.26 billion, a P/E ratio of 12.58 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 1 year low of $107.11 and a 1 year high of $138.81.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a dividend of $4.00 per share. The ex-dividend date is Friday, November 15th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio (DPR) is currently 29.99%.

Wall Street Analysts Forecast Growth

Separately, BMO Capital Markets raised their target price 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.