American Financial Group Inc (NYSE:AFG) announced a quarterly dividend on Monday, July 1st, RTT News reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.40 per share by the insurance provider on Thursday, July 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, July 12th.
American Financial Group has raised its dividend payment by an average of 12.1% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. American Financial Group has a dividend payout ratio of 18.8% meaning its dividend is sufficiently covered by earnings. Analysts expect American Financial Group to earn $9.00 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 17.8%.
NYSE:AFG opened at $105.40 on Thursday. The company has a 50-day simple moving average of $102.12. The firm has a market capitalization of $9.48 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 1.99 and a beta of 0.87. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.25. American Financial Group has a twelve month low of $84.18 and a twelve month high of $115.00.
In other news, Director James E. Evans sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $98.77, for a total transaction of $197,540.00. Following the completion of the transaction, the director now directly owns 132,309 shares in the company, valued at $13,068,159.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William W. Verity sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $104.07, for a total value of $124,884.00. Following the transaction, the director now owns 6,678 shares of the company’s stock, valued at $694,979.46. The disclosure for this sale can be found here. Insiders sold 398,413 shares of company stock valued at $40,950,043 over the last quarter. Corporate insiders own 11.90% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research lowered ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. Buckingham Research raised American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Thursday, June 13th. Finally, ValuEngine raised USINAS SIDERURG/S from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $113.00.
About American Financial Group
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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