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 ($22.6m this quarter). Holder counts are more reliable. Shares outstanding: 82.9m as of 2026-08-01, 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 ≈ $139.85. Options: 6 managers hold calls ($5.5m notional), 1 hold puts ($629.7k).
Trends to Q2 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 |
| Q2 2026 | 515 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 270 | 205 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $38.8m | $5.9m | 0.15 |
| Q4 2025 | $2.9m | $3.0m | 1.06 |
| Q1 2026 | $3.9m | $2.5m | 0.65 |
| Q2 2026 | $5.5m | $629.7k | 0.11 |
Biggest buyers
| BlackRock, Inc. | Added | +877.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +761.8k |
| Assenagon Asset Management S.A. | New | +416.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +313.5k |
| Qube Research & Technologies Ltd | Added | +270.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +214.2k |
| Woodline Partners LP | Added | +184.3k |
| FIRST TRUST ADVISORS LP | Added | +179.9k |
| Nuveen, LLC | Added | +167.2k |
| Lighthouse Investment Partners, LLC | Added | +143.7k |
Biggest sellers
| FMR LLC | Reduced | -906.6k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -796.7k |
| UBS Group AG | Reduced | -501.6k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -418.8k |
| Wealthquest Corp | Reduced | -343.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -331.9k |
| EULAV Asset Management | Reduced | -283.9k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -258.5k |
| JANE STREET GROUP, LLC | Reduced | -256.8k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -236.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $2.4m17.0k shares |
| JANE STREET GROUP, LLC | Added | $1.5m10.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.0m7.5k shares |
| IMC-Chicago, LLC | Unchanged | $447.8k3.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $112.0k800 shares |
| GROUP ONE TRADING LLC | Unchanged | $28.0k200 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $629.7k4.5k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2026 | 0 | — | 2 | $1.8m | — |
| Q3 2026 | 0 | — | 4 | $13.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-14 | VON LEHMAN JOHN I Director | Sold | $184.0k1.3k shares |
| 2026-09-02 | Hertzman Brian S. SVP, CFO | Sold | $135.7k950 shares |
| 2026-08-26 | LINDNER CARL H III Co-CEO, director · Indirect #1 | Sold | $11.7m81.4k shares |
| 2026-08-24 | LINDNER CARL H III Co-CEO, director · Indirect #1 | Sold | $1.2m8.6k shares |
| 2026-08-06 | Weiss Mark A Sr. VP & General Counsel · By Trust | Sold | $407.2k2.8k shares |
| 2026-06-24 | Gillis Michelle A Senior Vice President | Sold | $312.3k2.2k shares |
| 2026-06-23 | Thompson David Lawrence Jr President of Subsidiary, director · By Trusts | Sold | $1.5m11.4k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 7.7m $1.1bn | Added +877.7k |
| FMR LLC 0.03% of their portfolio | 5.5m $765.0m | Reduced -906.6k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 3.6m $501.0m | Reduced -331.9k |
| STATE STREET CORP 0.01% of their portfolio | 3.1m $431.0m | Added +69.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 3.0m $423.5m | Reduced -258.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 2.3m $323.9m | Added +214.2k |
| AMERICAN FINANCIAL GROUP INC 401(K) RETIREMENT & SAVINGS PLAN 100.00% of their portfolio | 2.2m $314.2m | Reduced -121.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.7m $243.1m | Added +64.4k |
| VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio | 1.6m $226.6m | Reduced -418.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 1.6m $225.5m | Added +105.0k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 1.4m $200.3m | Added +761.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.1m $160.4m | Added +115.2k |
| NORGES BANK 0.01% of their portfolio | 945.9k $132.4m | Not comparable |
| MORGAN STANLEY 0.01% of their portfolio | 843.4k $118.0m | Reduced -59.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 803.7k $112.5m | Added +14.1k |
| Invesco Ltd. 0.01% of their portfolio | 744.8k $104.2m | Reduced -35.3k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 744.6k $104.2m | Added +313.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 733.1k $102.6m | Reduced -45.0k |
| Balyasny Asset Management L.P. 0.18% of their portfolio | 695.9k $97.4m | Reduced -79.5k |
| Qube Research & Technologies Ltd 0.10% of their portfolio | 613.6k $85.9m | Added +270.4k |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.43% of their portfolio | 612.7k $85.7m | Added +1.3k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 568.2k $79.5m | Added +11.6k |
| Boston Trust Walden Corp 0.54% of their portfolio | 509.8k $71.3m | Reduced -15.9k |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 496.9k $69.5m | Added +179.9k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 453.0k $63.4m | Reduced -42.9k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 432.9k $60.6m | Reduced -172 |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 416.5k $58.3m | New |
| Bahl & Gaynor LLC 0.25% of their portfolio | 392.7k $55.0m | Added +5.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 385.4k $53.9m | Added +91.0k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 385.4k $52.0m | Added +58.0k |
| 1832 Asset Management L.P. 0.06% of their portfolio | 367.8k $51.5m | Added +2.2k |
| UBS Group AG 0.01% of their portfolio | 346.8k $48.5m | Reduced -501.6k |
| Wealthquest Corp 3.03% of their portfolio | 343.4k $48.1m | Reduced -343.4k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 335.6k $47.0m | Added +31.6k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 315.6k $44.2m | Added +98.7k |
| Woodline Partners LP 0.13% of their portfolio | 309.9k $43.4m | Added +184.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 286.8k $40.6m | Added +57.5k |
| Nuveen, LLC 0.01% of their portfolio | 260.6k $36.5m | Added +167.2k |
| JOHNSON INVESTMENT COUNSEL INC 0.26% of their portfolio | 253.9k $35.5m | Reduced -200.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 241.9k $33.9m | Added +31.2k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 219.6k $30.7m | Reduced -21.9k |
| ProShare Advisors LLC 0.04% of their portfolio | 203.6k $28.5m | Added +6.6k |
| BARCLAYS PLC 0.01% of their portfolio | 203.0k $28.4m | Added +97.5k |
| Alyeska Investment Group, L.P. 0.07% of their portfolio | 198.8k $27.8m | Added +3.8k |
| HRT FINANCIAL LP 0.06% of their portfolio | 193.6k $27.1m | Added +88.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 191.1k $26.7m | Added +70.6k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 189.6k $26.5m | Reduced -2.1k |
| Lighthouse Investment Partners, LLC 0.69% of their portfolio | 158.2k $22.1m | Added +143.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 156.5k $21.9m | Added +2.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.02% of their portfolio | 151.2k $21.2m | Reduced -701 |
| Retirement Systems of Alabama 0.06% of their portfolio | 150.8k $21.1m | Reduced -13.5k |
| Squarepoint Ops LLC 0.04% of their portfolio | 144.3k $20.2m | Reduced -44.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 138.0k $19.3m | Added +1.2k |
| Curi Capital, LLC 0.30% of their portfolio | 137.8k $19.3m | Added +9.0k |
| Swiss National Bank 0.01% of their portfolio | 133.7k $18.7m | Added +1.7k |
| Man Group plc 0.03% of their portfolio | 129.6k $18.1m | Reduced -69.6k |
| Gillson Capital LP 1.02% of their portfolio | 124.3k $17.4m | Added +70.5k |
| CIBC Bancorp USA Inc. 0.02% of their portfolio | 121.8k $17.0m | Added +116.9k |
| BRIDGES INVESTMENT MANAGEMENT INC 0.19% of their portfolio | 112.4k $15.7m | Added +238 |
| ALGERT GLOBAL LLC 0.18% of their portfolio | 108.3k $15.2m | Added +96.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 104.3k $13.3m | Reduced -796.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 104.2k $14.6m | New |
| Legal & General Group Plc 0.00% of their portfolio | 103.9k $14.5m | Added +3.9k |
| Freestone Grove Partners LP 0.09% of their portfolio | 103.0k $14.4m | Added +95.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.02% of their portfolio | 102.5k $13.5m | Reduced -3.5k |
| VIKING FUND MANAGEMENT LLC 1.27% of their portfolio | 101.0k $14.1m | Unchanged |
| LORD, ABBETT & CO. LLC 0.04% of their portfolio | 92.0k $12.9m | Reduced -6.4k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.02% of their portfolio | 90.7k $12.5m | Added +82.8k |
| Trexquant Investment LP 0.08% of their portfolio | 90.7k $12.7m | Reduced -45.0k |
| CITIGROUP INC 0.01% of their portfolio | 90.2k $12.6m | Added +52.6k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 89.7k $12.6m | Added +9.0k |
| PFA Pension, Forsikringsaktieselskab 0.03% of their portfolio | 89.2k $12.5m | Added +509 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 86.8k $12.1m | Reduced -236.8k |
| Hudson Bay Capital Management LP 0.05% of their portfolio | 82.0k $11.5m | Reduced -9.3k |
| EULAV Asset Management 0.36% of their portfolio | 80.8k $11.3m | Reduced -283.9k |
| Bridgewater Associates, LP 0.04% of their portfolio | 78.0k $10.9m | Added +16.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 77.0k $10.8m | Reduced -2.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 74.0k $10.3m | Reduced -6.6k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 70.2k $9.8m | Added +42.1k |
| Creative Planning 0.01% of their portfolio | 70.2k $9.8m | Added +13.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 68.8k $9.6m | Added +1.7k |
| Cambria Investment Management, L.P. 0.47% of their portfolio | 68.5k $9.6m | Reduced -3.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 67.2k $9.4m | Added +4.4k |
| Quantinno Capital Management LP 0.01% of their portfolio | 64.9k $9.1m | Added +16.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 64.0k $9.0m | Added +5.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 61.5k $8.6m | Added +2.5k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 61.3k $8.6m | Added +21.1k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 61.2k $8.6m | Added +10.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 60.8k $8.5m | Reduced -6.3k |
| Holocene Advisors, LP 0.02% of their portfolio | 59.7k $8.4m | Added +15.8k |
| Mirae Asset Global Investments Co., Ltd. 0.02% of their portfolio | 57.8k $8.1m | Added +9.2k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 57.5k $8.0m | New |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 56.3k $7.9m | Reduced -4.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 54.5k $7.6m | Reduced -1.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 53.3k $7.5m | Reduced -129.7k |
| APG Asset Management N.V. 0.02% of their portfolio | 51.7k $6.3m | Added +14.3k |
| Janney Montgomery Scott LLC 0.01% of their portfolio | 51.4k $7.2m | Reduced -1.5k |
| Allworth Financial LP 0.03% of their portfolio | 51.4k $7.2m | Added +589 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 51.2k $7.2m | Reduced -167 |
| ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio | 51.0k $7.1m | New |