3i Group shares fell 4.8% in London on Wednesday to 2,875p, nearing a 52-week low and underperforming the FTSE 100’s 0.9% drop. The stock closed about 5.2% below Morningstar’s latest NAV estimate, a sharp reversal from last year’s average 38% premium. Action, 3i’s main asset, saw weak French sales in 2025 but returned to growth in early 2026. Broker ratings remain split ahead of a March 26 Action seminar.