American Financial Group initiated with an Overweight at Wells Fargo

Wells Fargo analyst Hristian Getsov initiated coverage of American Financial Group (AFG) with an Overweight rating and $165 price target The firm sees better growth for the company in 2026, in part due to favorable compares. American Financial has low property exposure, which should lead to stable margins in 2026, along with a “superior” return on equity profile, the analyst tells investors in a research note.