AFG stock touches 52-week low at $115.29 amid market shifts

American Financial Group 's stock (NYSE:AFG) has reached a 52-week low, dipping to $115.29, though the company maintains its strong dividend position with a substantial 7.55% yield and an impressive 40-year streak of consecutive dividend payments, signaling a cautious stance from investors amidst a challenging economic environment. This latest price level reflects a notable decline over the past year, with the company's stock experiencing a 9.07% decrease year-to-date. The 52-week low serves as a critical benchmark for investors, who are closely monitoring the stock's performance for signs of a turnaround or further downward trends. InvestingPro analysis suggests the stock is trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report, including detailed financial health metrics and future growth indicators.

In other recent news, American Financial Group has entered into agreements to sell its Charleston Harbor Resort & Marina assets, which include hotels and a marina in South Carolina. The transaction is expected to result in a net after-tax gain of approximately $100 million, or $1.20 per share, pending a 60-day due diligence period and customary closing conditions. Meanwhile, BMO Capital Markets has adjusted its outlook on American Financial Group, reducing the stock's price target from $143 to $124, while maintaining a Market Perform rating. This revision is linked to updated guidance on the company's combined ratio and the impact of recent California wildfires on catastrophe losses. Jefferies has also lowered its price target for the company from $135 to $131, retaining a Hold rating, and noted adjustments to the earnings per share forecast for 2025. Additionally, Keefe, Bruyette & Woods downgraded American Financial's stock rating from Outperform to Market Perform, decreasing the price target from $164 to $144 due to lowered earnings estimates for 2025 and 2026. The company has also announced the promotion of Matthew J. Stevens to Vice President – Tax, where he will oversee tax reporting and planning. These developments reflect a period of strategic adjustments and financial recalibrations for American Financial Group.

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