AMERICAN FINANCIAL GROUP, INC.
At today's price, AMERICAN FINANCIAL GROUP, INC. (AFG) is priced for 16.6% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
American Financial Group is a specialty property and casualty insurer, valued the way insurers should be: off the return it earns on its capital, not an operating multiple. At $132.99 the price reads as about 2.4x book, implying a sustained return on equity near 15.8%, against the roughly 17% to 18% it has recently earned. The underwriting is running well. Q1 2026 produced a 90.3% combined ratio in specialty P&C, a 3.7-point improvement, with core net operating EPS up 36% to $2.47 and a core RO
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472 institutional managers reported holding AFG in 13F filings for the quarter ended 2026-03-31. Together they hold about 68% of the company; the top 10 hold 42%. 68 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 2.0M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (3.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AFG has cut its share count 2% over the past five years, spending $396.00M on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $7.28 a share annually. Cash returned over the past three years: $1.83B in dividends and $305.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AFG over the trailing three years: 2024: 1 buy totaling $150k; 2025: 1 buy totaling $363k. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AFG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -9.2% | +0.9% |
| 2023-11-04 | -1.1% | +10.3% |
| 2024-02-24 | +0.8% | +1.0% |
| 2024-05-04 | -1.0% | -6.1% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AFG's latest 8-K filings: 2026-05-21 (items 5.07); 2026-04-30 (items 2.02, 7.01, 9.01); 2026-02-18 (items 5.02, 9.01); 2026-02-04 (items 2.02, 8.01, 9.01); 2025-12-05 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.