AMERICAN FINL GROUP INC OHIO AFG
COM · Common Stock · CUSIP 025932104 · ISIN US0259321042
American insurance and investments company
- SectorFinancials
- IndustryFire, Marine & Casualty Insurance
- HeadquartersCincinnati, OH
- Founded1872
- Websiteafginc.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($11.0m this quarter). Holder counts are more reliable. Shares outstanding: 84.0m as of 2025-02-01, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $136.86. Options: 5 managers hold calls ($6.6m notional), 2 hold puts ($3.5m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 428 |
| Q4 2022 | 465 |
| Q1 2023 | 436 |
| Q2 2023 | 421 |
| Q3 2023 | 395 |
| Q4 2023 | 412 |
| Q1 2024 | 419 |
| Q2 2024 | 426 |
| Q3 2024 | 423 |
| Q4 2024 | 452 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 220 | 225 |
| Q2 2023 | 192 | 221 |
| Q3 2023 | 179 | 210 |
| Q4 2023 | 196 | 183 |
| Q1 2024 | 208 | 180 |
| Q2 2024 | 204 | 187 |
| Q3 2024 | 225 | 168 |
| Q4 2024 | 225 | 171 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $8.3m | $1.8m | 0.22 |
| Q2 2024 | $4.5m | $639.4k | 0.14 |
| Q3 2024 | $5.3m | $323.0k | 0.06 |
| Q4 2024 | $6.6m | $3.5m | 0.54 |
Biggest buyers
| VOYA INVESTMENT MANAGEMENT LLC | Added | +317.9k |
| NORTHERN TRUST CORP | Added | +211.6k |
| Bank of New York Mellon Corp | Added | +207.3k |
| UBS Group AG | Added | +183.9k |
| FIRST TRUST ADVISORS LP | Added | +148.3k |
| Balyasny Asset Management L.P. | Added | +104.2k |
| VANGUARD GROUP INC | Added | +99.6k |
| STATE STREET CORP | Added | +67.2k |
| BRIDGES INVESTMENT MANAGEMENT INC | Added | +63.8k |
| Invesco Ltd. | Added | +63.2k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -421.6k |
| BlackRock, Inc. | Reduced | -400.2k |
| Qube Research & Technologies Ltd | Sold out | -136.1k |
| LSV ASSET MANAGEMENT | Reduced | -107.8k |
| Assenagon Asset Management S.A. | Reduced | -107.4k |
| Woodline Partners LP | Sold out | -99.8k |
| Brandywine Global Investment Management, LLC | Reduced | -98.1k |
| Amundi | Reduced | -77.2k |
| JARISLOWSKY, FRASER Ltd | Reduced | -76.9k |
| FMR LLC | Reduced | -67.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $3.6m26.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.0m14.8k shares |
| Twin Tree Management, LP | New | $958.5k7.0k shares |
| GROUP ONE TRADING LLC | Unchanged | $13.7k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Twin Tree Management, LP | New | $3.2m23.6k shares |
| CITADEL ADVISORS LLC | Reduced | $314.9k2.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-10-17 | 8.5% |
LINDNER CARL H III
13D · may seek influence
filed 2026-04-15
Stated purposeThe Reporting Person is the Co-Chief Executive Officer of AFG and also serves on the Board of Directors. In these capacities, Mr. Lindner has responsibility for AFG's management and strategic direction. Additionally, in his capacity as a shareholder of the Company, Mr. Lindner reviews his investment in the Company on a continuous basis. Mr. Lindner may from time to time acquire additional Common Shares or dispose of a portion of the Common Shares that he beneficially owns. Any transactions that Mr. Lindner may pursue may be made at any time and from time to time without prior notice and will depend upon a variety of factors, including, without limitation, other investment and business opportunities available to Mr. Lindner, tax and estate planning considerations and other factors. Othe… Full filing |
6.8% |
| FMR LLC 13G · institution -1.4 pts · filed 2026-08-06 | 6.5% |
LINDNER S CRAIG
13D · may seek influence
filed 2026-04-15
Stated purposeThe Reporting Person is the Co-Chief Executive Officer of AFG and also serves on the Board of Directors. In these capacities, Mr. Lindner has responsibility for AFG's management and strategic direction. Additionally, in his capacity as a shareholder of the Company, Mr. Lindner reviews his investment in the Company on a continuous basis. Mr. Lindner may from time to time acquire additional Common Shares or dispose of a portion of the Common Shares that he beneficially owns. Any transactions that Mr. Lindner may pursue may be made at any time and from time to time without prior notice and will depend upon a variety of factors, including, without limitation, other investment and business opportunities available to Mr. Lindner, tax and estate planning considerations and other factors. Other t… Full filing |
6.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26)
Insider purchases and sales in Q4 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2023 | 0 | — | 2 | $886.1k | — |
| Q2 2023 | 0 | — | 2 | $261.8k | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 2 | $423.3k | — |
| Q1 2024 | 0 | — | 5 | $1.9m | — |
| Q2 2024 | 1 | $150.2k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 8.3m $1.1bn | Added +99.6k |
| BlackRock, Inc. 0.02% of their portfolio | 7.7m $1.1bn | Reduced -400.2k |
| FMR LLC 0.04% of their portfolio | 5.4m $746.1m | Reduced -67.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.45% of their portfolio | 3.4m $458.8m | Reduced -54.1k |
| STATE STREET CORP 0.01% of their portfolio | 2.8m $378.0m | Added +67.2k |
| AMERICAN FINANCIAL GROUP INC 401(K) RETIREMENT & SAVINGS PLAN 100.00% of their portfolio | 2.6m $355.2m | Reduced -3.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.6m $218.1m | Added +42.1k |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 1.1m $146.3m | Reduced -25.2k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 997.3k $136.6m | Added +207.3k |
| Invesco Ltd. 0.03% of their portfolio | 996.7k $136.5m | Added +63.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 969.1k $132.7m | Reduced -2.8k |
| NORGES BANK 0.02% of their portfolio | 894.0k $122.4m | Added +9.2k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 802.1k $109.8m | Added +211.6k |
| MORGAN STANLEY 0.01% of their portfolio | 764.5k $104.7m | Added +15.7k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 684.2k $93.7m | Added +148.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.10% of their portfolio | 672.9k $92.1m | Added +317.9k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 653.5k $89.5m | Reduced -26.7k |
| LSV ASSET MANAGEMENT 0.20% of their portfolio | 640.6k $87.7m | Reduced -107.8k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.50% of their portfolio | 607.7k $83.2m | Added +3.6k |
| Bahl & Gaynor LLC 0.42% of their portfolio | 585.8k $80.2m | Added +34.5k |
| JOHNSON INVESTMENT COUNSEL INC 0.76% of their portfolio | 570.3k $78.1m | Added +1.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 508.7k $69.7m | Added +5.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 500.5k $68.5m | Added +57.9k |
| EULAV Asset Management 1.64% of their portfolio | 498.7k $68.3m | Added +1 |
| Boston Trust Walden Corp 0.44% of their portfolio | 462.4k $63.3m | Added +35.1k |
| FIL Ltd 0.05% of their portfolio | 411.7k $56.4m | Reduced -2.9k |
| LORD, ABBETT & CO. LLC 0.17% of their portfolio | 395.4k $54.1m | Reduced -3.7k |
| JARISLOWSKY, FRASER Ltd 0.30% of their portfolio | 387.0k $51.1m | Reduced -76.9k |
| UBS Group AG 0.01% of their portfolio | 355.4k $48.7m | Added +183.9k |
| Wealthquest Corp 3.83% of their portfolio | 343.4k $47.0m | Unchanged |
| Amundi 0.02% of their portfolio | 342.3k $45.9m | Reduced -77.2k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 262.0k $35.9m | Added +18.9k |
| ProShare Advisors LLC 0.08% of their portfolio | 254.1k $34.8m | Reduced -4.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 244.6k $33.5m | Reduced -421.6k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 242.4k $33.2m | Added +59.0k |
| Legal & General Group Plc 0.01% of their portfolio | 241.8k $33.1m | Reduced -12.9k |
| Balyasny Asset Management L.P. 0.07% of their portfolio | 229.3k $31.4m | Added +104.2k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 228.1k $31.2m | Added +51.7k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 221.8k $30.4m | Reduced -2.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 213.1k $29.2m | Reduced -14.8k |
| Swiss National Bank 0.02% of their portfolio | 201.5k $27.6m | Reduced -9.5k |
| California Public Employees Retirement System 0.02% of their portfolio | 199.2k $27.3m | Added +9.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 189.4k $25.9m | Reduced -13.9k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 172.3k $23.4m | Reduced -25.4k |
| Retirement Systems of Alabama 0.09% of their portfolio | 171.5k $23.5m | Added +110 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 170.6k $23.4m | Reduced -1.7k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 154.2k $21.1m | Reduced -2.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 151.8k $20.8m | Added +3.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio | 151.0k $20.7m | First filing |
| Curi Capital, LLC 0.42% of their portfolio | 132.2k $18.1m | Added +1.2k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 121.8k $16.7m | Added +13.4k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 105.0k $14.4m | Added +44.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 104.2k $14.3m | Reduced -17.9k |
| BARCLAYS PLC 0.01% of their portfolio | 98.0k $13.4m | Added +34.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 96.8k $13.3m | Reduced -16.2k |
| Cambria Investment Management, L.P. 0.80% of their portfolio | 95.6k $13.1m | Added +2.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 93.2k $12.8m | Reduced -1.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 91.3k $12.5m | Reduced -4.7k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 86.4k $11.8m | Added +1.4k |
| CAMBIAR INVESTORS LLC 0.46% of their portfolio | 84.5k $11.6m | Reduced -9.7k |
| Corebridge Financial, Inc. 0.06% of their portfolio | 81.7k $11.2m | Reduced -3.7k |
| Freestone Grove Partners LP 0.13% of their portfolio | 79.4k $10.9m | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 76.6k $10.5m | Reduced -831 |
| CITIGROUP INC 0.01% of their portfolio | 76.2k $10.4m | Reduced -8.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 75.5k $10.3m | Added +7.2k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 74.5k $10.2m | Added +1.5k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 74.1k $10.1m | Reduced -3.7k |
| KBC Group NV 0.03% of their portfolio | 72.9k $10.0m | Added +51.1k |
| Gotham Asset Management, LLC 0.09% of their portfolio | 72.8k $10.0m | Added +8.0k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 70.4k $9.6m | Added +63.8k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 69.1k $9.5m | Reduced -5.0k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 67.9k $9.3m | Added +2.6k |
| REINHART PARTNERS, LLC. 0.33% of their portfolio | 63.2k $8.7m | Reduced -13.5k |
| GATEWAY INVESTMENT ADVISERS LLC 0.10% of their portfolio | 63.2k $8.6m | Added +358 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 60.6k $8.3m | Reduced -60 |
| Verition Fund Management LLC 0.04% of their portfolio | 60.2k $8.2m | Added +34.7k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 59.0k $8.1m | Added +449 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 57.9k $7.9m | Added +1.7k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 55.3k $7.5m | Added +8.2k |
| Focus Partners Wealth 0.01% of their portfolio | 55.0k $7.5m | Added +28.4k |
| Man Group plc 0.02% of their portfolio | 54.0k $7.4m | Reduced -17.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 53.8k $7.4m | Added +2.5k |
| Janney Montgomery Scott LLC 0.02% of their portfolio | 52.1k $7.1m | Added +508 |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 51.1k $7.0m | Reduced -118 |
| NISA INVESTMENT ADVISORS, LLC 0.03% of their portfolio | 50.6k $6.9m | Added +1.2k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.11% of their portfolio | 49.7k $6.8m | First filing |
| New Age Alpha Advisors, LLC 0.27% of their portfolio | 49.3k $6.8m | New |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 48.0k $6.6m | Added +1.9k |
| Asset Management One Co., Ltd. 0.02% of their portfolio | 47.4k $6.5m | Reduced -4.2k |
| DANSKE BANK A/S 0.02% of their portfolio | 45.6k $6.2m | Added +5.9k |
| HENGEHOLD CAPITAL MANAGEMENT LLC 0.58% of their portfolio | 44.7k $6.1m | Reduced -14.0k |
| Sheaff Brock Investment Advisors, LLC 0.53% of their portfolio | 44.5k $6.1m | Reduced -409 |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.01% of their portfolio | 44.0k $6.0m | Unchanged |
| Brandywine Global Investment Management, LLC 0.04% of their portfolio | 43.8k $6.0m | Reduced -98.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 43.5k $6.0m | Reduced -1.1k |
| Northwest & Ethical Investments L.P. 0.15% of their portfolio | 41.2k $5.6m | Added +3.7k |
| Holocene Advisors, LP 0.02% of their portfolio | 40.7k $5.6m | Added +4.6k |
| MetLife Investment Management, LLC 0.03% of their portfolio | 40.7k $5.6m | Added +3.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 39.3k $5.4m | Reduced -1.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 39.1k $5.3m | Reduced -1.2k |