American Financial Group Reports Quarterly Earnings Results

American Financial Group (NYSE:AFG) announced its quarterly earnings results on Tuesday. The company reported earnings of $3.12 per share for the quarter, falling short of the expected consensus estimate of $3.15 by a margin of $0.03. According to Zacks, American Financial Group has a net margin of 10.84% and a notable return on equity of 19.97%.

Stock Performance of American Financial Group

On the day of the earnings report, shares of AFG traded down by $0.66, bringing the stock price to $136.04. A total of 447,947 shares changed hands during trading, which is higher than the company’s average trading volume of 297,734. The firm’s 50-day moving average is recorded at $138.13, while the 200-day moving average stands at $134.75. American Financial Group currently has a market capitalization of $11.42 billion, with a P/E ratio of 12.75 and a beta of 0.83. The company's current ratio and quick ratio are both at 0.53, and their debt-to-equity ratio is 0.31. Over the past year, the stock has seen a low of $115.64 and a high of $150.19.

Dividend Announcement from American Financial Group

In addition to its earnings report, American Financial Group announced dividends as well. A quarterly dividend of $0.80 per share was recently paid out to shareholders on Friday, January 24th. Shareholders who were on record as of Tuesday, January 14th, received this payment. The ex-dividend date was also on January 14th. This dividend payment translates to an annualized dividend of $3.20, providing a yield of 2.35%. Currently, the dividend payout ratio stands at 29.99%.

Analyst Opinions on American Financial Group

Several analysts on Wall Street have shared their views on American Financial Group. Piper Sandler raised their price target from $135.00 to $150.00, maintaining a 'neutral' rating according to their research note dated November 12th. Meanwhile, Keefe, Bruyette & Woods adjusted their price objective from $165.00 down to $164.00 and retained an 'outperform' rating for the stock as of Friday, January 10th. BMO Capital Markets also increased their price target from $135.00 to $143.00, giving the company a 'market perform' rating in their report published on November 15th.

Company Overview of American Financial Group

American Financial Group, Inc. operates as an insurance holding company, specializing in providing property and casualty insurance products in the United States. The company offers various insurance products including property and transportation insurance. This includes coverage for buses and trucks, marine insurance, agricultural-related products, and commercial property coverage. Furthermore, they provide specialty casualty insurance, which encompasses excess and surplus, professional liability, general liability, and workers' compensation insurance. Additionally, American Financial Group offers specialty financial insurance products, which include risk management programs for lending institutions and trade credit insurance.

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