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 ($12.1m this quarter). Holder counts are more reliable. Shares outstanding: 83.1m as of 2026-05-01, 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 ≈ $127.90. Options: 6 managers hold calls ($3.9m notional), 4 hold puts ($2.5m).
Trends to Q1 2026
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 |
| Q1 2025 | 483 |
| Q2 2025 | 460 |
| Q3 2025 | 489 |
| Q4 2025 | 515 |
| Q1 2026 | 493 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 204 | 187 |
| Q3 2024 | 225 | 168 |
| Q4 2024 | 225 | 171 |
| Q1 2025 | 259 | 187 |
| Q2 2025 | 211 | 244 |
| Q3 2025 | 221 | 225 |
| Q4 2025 | 242 | 215 |
| Q1 2026 | 247 | 261 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $24.0m | $3.7m | 0.15 |
| Q3 2025 | $38.8m | $5.9m | 0.15 |
| Q4 2025 | $2.9m | $3.0m | 1.06 |
| Q1 2026 | $3.9m | $2.5m | 0.65 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +416.6k |
| STATE STREET CORP | Added | +385.2k |
| Wealthquest Corp | Added | +343.4k |
| Qube Research & Technologies Ltd | New | +343.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +332.5k |
| TWO SIGMA INVESTMENTS, LP | Added | +267.1k |
| UBS Group AG | Added | +266.6k |
| GOLDMAN SACHS GROUP INC | Added | +260.1k |
| JANE STREET GROUP, LLC | Added | +257.9k |
| FIRST TRUST ADVISORS LP | Added | +257.5k |
Biggest sellers
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -765.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -467.3k |
| BlackRock, Inc. | Reduced | -415.4k |
| Woodline Partners LP | Reduced | -312.8k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -305.7k |
| FMR LLC | Reduced | -304.2k |
| LORD, ABBETT & CO. LLC | Reduced | -282.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -182.9k |
| NORTHERN TRUST CORP | Reduced | -169.0k |
| Sumitomo Mitsui Trust Group, Inc. | Sold out | -146.7k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $1.7m13.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m8.5k shares |
| JANE STREET GROUP, LLC | Added | $498.1k3.9k shares |
| IMC-Chicago, LLC | New | $408.7k3.2k shares |
| SIMPLEX TRADING, LLC | New | $127.7k1.0k shares |
| GROUP ONE TRADING LLC | New | $25.5k200 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $881.2k6.9k shares |
| JANE STREET GROUP, LLC | Reduced | $740.7k5.8k shares |
| Dockside LLC | New | $641.7k5.0k shares |
| CITADEL ADVISORS LLC | Reduced | $268.2k2.1k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| Q2 2024 | 1 | $150.2k | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $363.0k | 1 | $319.5k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 2 | $1.5m | — |
| Q4 2025 | 0 | — | 1 | $253.2k | — |
| Q1 2026 | 0 | — | 1 | $222.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-27 | Hertzman Brian S. SVP, CFO | Sold | $222.3k1.7k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 6.8m $872.9m | Reduced -415.4k |
| FMR LLC 0.04% of their portfolio | 6.4m $814.0m | Reduced -304.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 3.9m $499.6m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.3m $419.5m | First filing |
| STATE STREET CORP 0.01% of their portfolio | 3.0m $384.5m | Added +385.2k |
| AMERICAN FINANCIAL GROUP INC 401(K) RETIREMENT & SAVINGS PLAN 100.00% of their portfolio | 2.4m $302.3m | Reduced -24.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.1m $268.2m | Reduced -467.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.17% of their portfolio | 2.0m $260.3m | Reduced -765.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.7m $213.7m | Reduced -59.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.5m $192.4m | Added +240.5k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.0m $131.7m | Added +260.1k |
| MORGAN STANLEY 0.01% of their portfolio | 902.5k $115.3m | Added +7.5k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 901.0k $123.2m | Reduced -92.4k |
| UBS Group AG 0.02% of their portfolio | 848.4k $108.3m | Added +266.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 789.6k $100.8m | Reduced -169.0k |
| Invesco Ltd. 0.01% of their portfolio | 780.1k $99.6m | Reduced -23.4k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 778.1k $99.4m | Reduced -41.0k |
| Balyasny Asset Management L.P. 0.19% of their portfolio | 775.4k $99.0m | Added +24.2k |
| Wealthquest Corp 3.32% of their portfolio | 686.7k $90.8m | Added +343.4k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 680.1k $86.6m | Added +416.6k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.43% of their portfolio | 611.4k $78.1m | Reduced -2.7k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 556.6k $71.1m | Added +119.4k |
| Boston Trust Walden Corp 0.55% of their portfolio | 525.7k $67.1m | Added +56.0k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 495.9k $63.3m | Added +242.0k |
| JOHNSON INVESTMENT COUNSEL INC 0.47% of their portfolio | 454.7k $58.1m | Reduced -23.8k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 433.1k $55.3m | First filing |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 431.1k $55.1m | Added +332.5k |
| Bahl & Gaynor LLC 0.25% of their portfolio | 386.8k $49.4m | Reduced -78.5k |
| 1832 Asset Management L.P. 0.06% of their portfolio | 365.6k $46.7m | Reduced -4.2k |
| EULAV Asset Management 1.49% of their portfolio | 364.7k $46.6m | Reduced -134.0k |
| Qube Research & Technologies Ltd 0.06% of their portfolio | 343.2k $43.8m | New |
| Allianz Asset Management GmbH 0.05% of their portfolio | 327.4k $41.8m | Added +17.9k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 323.5k $41.3m | Added +267.1k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 317.0k $40.5m | Added +257.5k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 304.0k $38.8m | Added +217.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 294.4k $37.6m | Added +57.0k |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 261.0k $33.3m | Added +257.9k |
| Gotham Asset Management, LLC 0.09% of their portfolio | 241.4k $30.8m | Added +98.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 229.3k $29.2m | Reduced -8.6k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 217.0k $27.7m | Added +8.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 210.7k $26.9m | Reduced -182.9k |
| Man Group plc 0.05% of their portfolio | 199.3k $25.4m | Reduced -79 |
| ProShare Advisors LLC 0.04% of their portfolio | 197.0k $25.2m | Reduced -52.6k |
| Alyeska Investment Group, L.P. 0.07% of their portfolio | 195.0k $24.9m | Reduced -12.1k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 191.7k $24.5m | Reduced -15.3k |
| Squarepoint Ops LLC 0.05% of their portfolio | 188.3k $24.1m | Added +167.3k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 183.0k $23.4m | Added +141.3k |
| Retirement Systems of Alabama 0.07% of their portfolio | 164.4k $21.0m | Added +1.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 154.4k $19.7m | Added +992 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 151.9k $19.4m | Added +8.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 136.7k $17.5m | Reduced -9.0k |
| Trexquant Investment LP 0.13% of their portfolio | 135.7k $17.3m | Added +100.2k |
| Swiss National Bank 0.01% of their portfolio | 132.0k $16.9m | Reduced -36.5k |
| Curi Capital, LLC 0.29% of their portfolio | 128.8k $16.5m | Added +948 |
| Woodline Partners LP 0.06% of their portfolio | 125.7k $16.0m | Reduced -312.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 120.5k $15.4m | Added +99.0k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.19% of their portfolio | 112.2k $14.3m | Added +5.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 106.0k $13.8m | Reduced -44.4k |
| BARCLAYS PLC 0.00% of their portfolio | 105.5k $13.5m | Added +5.5k |
| HRT FINANCIAL LP 0.05% of their portfolio | 105.2k $13.4m | Added +82.4k |
| VIKING FUND MANAGEMENT LLC 1.32% of their portfolio | 101.0k $12.9m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 100.0k $12.8m | Reduced -137.5k |
| LORD, ABBETT & CO. LLC 0.04% of their portfolio | 98.4k $12.6m | Reduced -282.0k |
| Nuveen, LLC 0.00% of their portfolio | 93.4k $11.9m | Added +1.2k |
| Hudson Bay Capital Management LP 0.07% of their portfolio | 91.3k $11.7m | Added +15.2k |
| PFA Pension, Forsikringsaktieselskab 0.03% of their portfolio | 88.7k $11.3m | Added +309 |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 80.7k $10.3m | Reduced -114.5k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 80.5k $10.3m | Added +9.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 79.7k $10.2m | Reduced -15.6k |
| Cambria Investment Management, L.P. 0.51% of their portfolio | 72.0k $9.2m | Added +8.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 67.1k $8.6m | Added +14.9k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 67.1k $8.6m | Reduced -2.2k |
| GATEWAY INVESTMENT ADVISERS LLC 0.09% of their portfolio | 65.4k $8.3m | Added +2.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 62.8k $8.0m | Added +5.6k |
| Bridgewater Associates, LP 0.04% of their portfolio | 61.7k $7.9m | Reduced -1.4k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.03% of their portfolio | 60.6k $7.7m | Added +58.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 59.1k $7.5m | Reduced -22.2k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 58.6k $7.5m | First filing |
| Creative Planning 0.00% of their portfolio | 56.5k $7.2m | Added +16.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 56.4k $7.2m | Reduced -3.6k |
| Gillson Capital LP 0.56% of their portfolio | 53.8k $6.9m | Added +14.8k |
| Janney Montgomery Scott LLC 0.02% of their portfolio | 52.8k $6.7m | Added +1.7k |
| Engineers Gate Manager LP 0.08% of their portfolio | 52.5k $6.7m | Added +50.2k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 51.4k $6.6m | Reduced -15.4k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 51.0k $6.5m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 51.0k $6.5m | Added +14.9k |
| Allworth Financial LP 0.03% of their portfolio | 50.8k $6.5m | Added +2.2k |
| Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio | 48.6k $6.2m | Reduced -14.5k |
| Quantinno Capital Management LP 0.01% of their portfolio | 48.3k $6.2m | Added +3.5k |
| Holocene Advisors, LP 0.01% of their portfolio | 43.9k $5.6m | Added +14.9k |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 43.0k $5.5m | Reduced -2.3k |
| STOREBRAND ASSET MANAGEMENT AS 0.02% of their portfolio | 42.9k $5.5m | Reduced -2.4k |
| Northwest & Ethical Investments L.P. 0.12% of their portfolio | 41.6k $5.3m | Unchanged |
| SG Americas Securities, LLC 0.01% of their portfolio | 41.3k $5.3m | Added +22.5k |
| REINHART PARTNERS, LLC. 0.15% of their portfolio | 40.5k $5.2m | Added +15.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 40.3k $5.1m | Reduced -49.7k |
| Schonfeld Strategic Advisors LLC 0.04% of their portfolio | 37.7k $4.8m | Added +36.1k |
| NISA INVESTMENT ADVISORS, LLC 0.02% of their portfolio | 37.6k $4.8m | Added +639 |
| CITIGROUP INC 0.00% of their portfolio | 37.6k $4.8m | Reduced -16.1k |
| Illinois Municipal Retirement Fund 0.06% of their portfolio | 37.5k $4.8m | Added +1.1k |