American Financial Group (AFG) Scheduled to Post Quarterly Earnings on Tuesday

American Financial Group (NYSE:AFG) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect American Financial Group to post earnings of $2.51 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $2.38 earnings per share. American Financial Group’s quarterly revenue was up 3.3% on a year-over-year basis. On average, analysts expect American Financial Group to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

American Financial Group Stock Performance

Shares of NYSE AFG opened at $127.71 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a 50 day moving average price of $134.09 and a 200 day moving average price of $129.75. The stock has a market capitalization of $10.71 billion, a PE ratio of 12.05 and a beta of 0.79. American Financial Group has a 52 week low of $106.62 and a 52 week high of $138.81.

American Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.51%. 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 presently 30.19%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets boosted 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 report 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.