Research Analysts Issue Forecasts for AFG FY2026 Earnings

American Financial Group, Inc. (NYSE:AFG) – Equities research analysts at Zacks Research raised their FY2026 earnings estimates for shares of American Financial Group in a note issued to investors on Wednesday, May 20th. Zacks Research analyst Team now expects that the insurance provider will post earnings of $11.01 per share for the year, up from their previous forecast of $10.99. The consensus estimate for American Financial Group’s current full-year earnings is $11.21 per share. Zacks Research also issued estimates for American Financial Group’s Q4 2026 earnings at $3.39 EPS and Q4 2027 earnings at $3.76 EPS.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Piper Sandler boosted their price objective on shares of American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Keefe, Bruyette & Woods boosted their price objective on shares of American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Finally, Weiss Ratings upgraded shares of American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $143.75.

American Financial Group Stock Up 0.3%

Shares of NYSE AFG opened at $137.34 on Friday. The stock has a market cap of $11.41 billion, a P/E ratio of 13.05 and a beta of 0.65. The firm has a 50 day moving average price of $130.41 and a 200 day moving average price of $132.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48. American Financial Group has a 52-week low of $120.52 and a 52-week high of $150.02.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.81 EPS.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were paid a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. American Financial Group’s payout ratio is presently 33.46%.

Insiders Place Their Bets

In related news, CFO Brian S. Hertzman sold 1,663 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $133.70, for a total transaction of $222,343.10. Following the completion of the transaction, the chief financial officer directly owned 12,073 shares in the company, valued at approximately $1,614,160.10. This trade represents a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 16.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Steph & Co. boosted its holdings in American Financial Group by 11.5% during the first quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock worth $101,000 after purchasing an additional 81 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in American Financial Group by 4.4% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock worth $252,000 after purchasing an additional 83 shares during the last quarter. Valmark Advisers Inc. boosted its holdings in American Financial Group by 1.0% during the first quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock worth $1,061,000 after purchasing an additional 85 shares during the last quarter. OMERS ADMINISTRATION Corp raised its position in American Financial Group by 3.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,061 shares of the insurance provider’s stock worth $391,000 after acquiring an additional 88 shares in the last quarter. Finally, JB Capital LLC raised its position in American Financial Group by 2.1% during the fourth quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock worth $583,000 after acquiring an additional 89 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Key Stories Impacting American Financial Group

Here are the key news stories impacting American Financial Group this week:

• Positive Sentiment: Zacks Research raised its FY2026 EPS estimate to $11.01 from $10.99 and also nudged up Q4 2027 earnings expectations, reflecting slightly better longer-term profitability outlook for AFG.
• Positive Sentiment: The firm also increased its FY2027 EPS estimate to $11.78 from $11.73 and FY2028 to $11.70 from $11.67, adding to the bullish tone around future earnings power.
• Positive Sentiment: Earlier upgrades to Q3 2026 and Q3 2027 estimates further suggest analysts are becoming more constructive on AFG’s underwriting and earnings trajectory.
• Neutral Sentiment: Not all revisions were positive: Zacks trimmed its Q2 2026 and Q2 2027 EPS estimates slightly, indicating some short-term quarter-to-quarter volatility remains. American Financial Group stock page

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.