American Financial Group: Solid Underwriting In Q2 With Potential Benefits From Rental Inflation
AFGAmerican Financial (AFG) Seeking Alpha·2024-08-07 13:01
teekid/E+ via Getty Images Shares of American Financial Group (NYSE:AFG) have been a moderate performer over the past year, rising by 13%, though it has also paid $4 in special dividends alongside its quarterly $0.71 payout. I last covered AFG in May, rating shares a “buy,” though shares have underperformed a bit, down 4% in a flat market environment. While growth was slow, Q2 results were solid, and a potential turn in apartment rents should provide added benefit to 2025 earnings. I remain bullish.   S ...