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

American Financial Group, Inc. (NYSE:AFG - Get Free Report) announced a quarterly dividend on Tuesday, July 1st, RTT News reports. Stockholders of record on Tuesday, July 15th will be given a dividend of 0.80 per share by the insurance provider on Friday, July 25th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Tuesday, July 15th.

American Financial Group has a dividend payout ratio of 27.0% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.9%

Shares of AFG stock traded up $1.16 during mid-day trading on Friday, reaching $126.40. The stock had a trading volume of 376,546 shares, compared to its average volume of 415,540. The firm has a market capitalization of $10.58 billion, a PE ratio of 13.28 and a beta of 0.71. The stock's 50-day moving average price is $124.62 and its two-hundred day moving average price is $127.75. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. American Financial Group has a 52-week low of $114.73 and a 52-week high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.36). The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.76 earnings per share. Equities analysts expect that American Financial Group will post 10.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price target on American Financial Group from $126.00 to $125.00 and set a "market perform" rating for the company in a research note on Friday, May 9th. Wall Street Zen lowered shares of American Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its position in American Financial Group by 145.8% during the first quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider's stock valued at $168,000 after buying an additional 758 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in American Financial Group during the 1st quarter valued at about $2,330,000. Finally, Royal Bank of Canada lifted its position in American Financial Group by 11.1% during the 1st quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider's stock valued at $9,905,000 after acquiring an additional 7,554 shares during the period. Hedge funds and other institutional investors own 64.37% of the company's stock.

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.