Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. American Financial Group's shares outstanding for the quarter that ended in Mar. 2026 was 83 Mil.
American Financial Group's quarterly shares outstanding
declined
from Dec. 2025 (83 Mil) to Mar. 2026 (83 Mil).
It means American Financial Groupbought back shares from Dec. 2025 to Mar. 2026 .
American Financial Group (NYSE:AFG) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
American Financial Group Shares Outstanding (EOP) Related Terms
American Financial Group Shares Outstanding (EOP) Historical Data
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The historical data trend for American Financial Group's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
American Financial Group Shares Outstanding (EOP) Chart
AFG vs CNA, AIZ, ORI: Shares Outstanding (EOP) Comparison
For the Insurance - Property & Casualty subindustry, American Financial Group's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
American Financial Group Shares Outstanding (EOP) vs Insurance Industry
For the Insurance industry and Financial Services sector, American Financial Group's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where American Financial Group's Shares Outstanding (EOP) falls into.
American Financial Group Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 83 Mil mean?
American Financial Group (AFG) has a Shares Outstanding (EOP) of 83 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on American Financial Group and its competitors.
Is American Financial Group's Shares Outstanding (EOP) too high?
American Financial Group's current Shares Outstanding (EOP) is 83 Mil. Overall, American Financial Group has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does American Financial Group's Shares Outstanding (EOP) compare to CNA and AIZ?
American Financial Group's Shares Outstanding (EOP) of 83 Mil can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Insurance company?
A good Shares Outstanding (EOP) depends on the Insurance industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on American Financial Group and its competitors. American Financial Group's current Shares Outstanding (EOP) is 83 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is American Financial Group stock overvalued right now?
Based on GuruFocus' analysis, American Financial Group (AFG) is currently considered Fairly Valued. The stock's GF Value™ is $127.30, compared to a current price of $137.33 — trading 7.9% above its estimated fair value. The current Shares Outstanding (EOP) is 83 Mil. American Financial Group's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For American Financial Group (AFG), the current Shares Outstanding (EOP) is 83 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is American Financial Group (AFG) Overvalued in 2026?
Based on GuruFocus' analysis, American Financial Group stock appears to be overvalued.
The current stock price of $137.33 is trading 7.9% above its estimated GF Value™ of $127.30.
GuruFocus considers American Financial Group to be Fairly Valued.
Key valuation signals for AFG:
Shares Outstanding (EOP): 83 Mil
GF Value™: $127.30 vs. price of $137.33 (7.9% above fair value)
No single metric tells the full story. See the AFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
American Financial Group Inc is an insurance holding company. Through its subsidiaries, it is engaged in the property and casualty insurance business, focusing on specialized commercial products for businesses. The group operates through two segments: Property and Casualty Insurance, which generates maximum revenue, and Other. The Property and Casualty Insurance segment is further divided into different sub-segments, such as Property and transportation, Specialty casualty, and Specialty financial. These sub-segments offer insurance coverage for vehicles and commercial property, customized programs for small to mid-sized businesses, workers' compensation insurance, risk management insurance programs for lending and leasing institutions, trade credit insurance, and other insurance products.
80GF Score
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Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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