American Financial Group (NYSE:AFG) Posts Earnings Results, Misses Estimates By $0.20 EPS

by · The Cerbat Gem

American Financial Group (NYSE:AFG – Get Free Report) posted its quarterly earnings data 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 firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the company earned $2.45 earnings per share. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year.

American Financial Group Stock Performance

AFG traded up $3.66 during trading on Wednesday, reaching $131.10. 129,088 shares of the company’s stock were exchanged, compared to its average volume of 299,337. 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. The company’s fifty day simple moving average is $133.93 and its 200-day simple moving average is $129.75. The stock has a market capitalization of $11.00 billion, a P/E ratio of 12.58 and a beta of 0.79.

American Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.44%. The ex-dividend date was Tuesday, October 15th. This is an increase from American Financial Group’s previous quarterly dividend of $0.71. American Financial Group’s dividend payout ratio is 30.19%.

Analyst Ratings Changes

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

Get Our Latest Stock Analysis on AFG

American Financial Group Company Profile

(Get Free Report)

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.

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