Wells Fargo Maintains Overweight on American Financial Group, Lowers Price Target to $166
Wells Fargo analyst Hristian Getsov maintains American Financial Group (NYSE:AFG) with a Overweight and lowers the price target from $175 to $166.
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Keefe, Bruyette & Woods analyst Meyer Shields maintains American Financial Group (NYSE:AFG) with a Market Perform and raises the price target from $148 to $153.
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Wells Fargo analyst Hristian Getsov maintains American Financial Group (NYSE:AFG) with a Overweight and lowers the price target from $175 to $166.
Keefe, Bruyette & Woods analyst Meyer Shields maintains American Financial Group (NYSE:AFG) with a Market Perform and lowers the price target from $153 to $147.
American Financial Group (AFG) is trading near its 52-week high with strong fundamentals including a diversified portfolio of 36 niche P&C businesses, consistent renewal pricing increases, and improving return on equity of 20.3%. The company has raised its annual dividend for 21 consecutive years and analysts project 17.9% EPS growth for 2026, with an average price target suggesting 9.3% upside potential.
American Financial Group announced a 10.2% dividend increase, extending its 21-year streak of annual dividend hikes. The company also continued aggressive stock buybacks ($86 million year-to-date) while maintaining a strong combined ratio of 91.6% in Q2 2026. Despite improving operational metrics, the company is preparing for increased industry competition as property and casualty insurance rates decline.