American Financial Group gets 'overweight' rating as Wells Fargo starts coverage

American Financial

15/01/2026 20:07

** Wells Fargo starts coverage on lender American Financial Group AFG.N with an "overweight" rating

** Sets PT of $165, which is a 25.9% upside to the stock's last close

** Brokerage cites better growth in 2026, in part due to favorable comparisons, low property exposure (~10%) that should lead to stable margins in 2026, and superior ROE profile

** Says AFG is a well-diversified company with no line greater than 20% of overall mix

** Two of 7 brokerages rate the stock "buy" or "higher", 5 "hold"; their median PT is $143 - LSEG

** Including session's move, AFG up 0.3% in the last 12 months

 (Reporting by Pragyan Kalita in Bengaluru)

 ((Pragyan.Kalita@thomsonreuters.com))