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AFG American Financial

American Financial Group is an insurance holding company, based in Cincinnati, Ohio. Through the operations of Great American Insurance Group, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions, broker-dealer, and registered investment advisor markets. Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company.

Company profile

Ticker
AFG, AFGC, AFGD, AFGE, AFGB
Exchange
Website
CEO
Stephen Craig Lindner / Carl Henry Lindner
Employees
Incorporated
Location
Fiscal year end
Former names
AMERICAN FINANCIAL GROUP HOLDINGS INC
SEC CIK
IRS number
311544320

AFG stock data

(
)

Investment data

Data from SEC filings
Top 50 of 85 long holdings
End of quarter 31 Mar 21
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$45.43M 323.51K 484.97K -33.3
$30.53M 1.91M 1.91M 0
$24.78M 686.12K 1.37M -50.0
$24.27M 1.23M 1.23M -0.0
$22.92M 315K 315K 0
$19.33M 887.67K 1.78M -50.0
$16.7M 105.73K 105.73K 0
$13.22M 175.5K 175.5K 0
$13.16M 715.3K 1.33M -46.2
$12.04M 160K 320K -50.0
$11.2M 207K 207K 0
$10.92M 190K 190K 0
$10.6M 333.11K 666.23K -50.0
$10.54M 106.92K 106.92K 0
$9.63M 1.34M 1.62M -17.2
$8.02M 599.99K 599.99K 0
$6.18M 245K 490K -50.0
$6.14M 1.23M 2.83M -56.4
$5.97M 271K 482K -43.8
$5.18M 386.12K 540.35K -28.5
$5.14M 648.46K 930.11K -30.3
$4.52M 1.12M 1.12M 0
$4.42M 350K 350K 0
$4.4M 110K 110K 0
$4.27M 592.88K NEW
$4.27M 112.5K 175K -35.7
$4.16M 567.37K 939.6K -39.6
$3.89M 133.33K 133.33K 0
$3.83M 374K 374K 0
$3.79M 60K 60K 0
$3.75M 412.5K 843K -51.1
$3.53M 492.1K 984.19K -50.0
$3.53M 119.15K 230K -48.2
$3.42M 207.8K 207.8K 0
$3.4M 139.24K 262.92K -47.0
$3.2M 416.9K 2.08M -79.9
$2.83M 159.33K 188.57K -15.5
$2.6M 93.25K 186.5K -50.0
$2.46M 160.72K 161.87K -0.7
$2.46M 38.85K 38.85K 0
Phenixfin Corp Com
$2.12M 64.33K NEW
$1.88M 100K 200K -50.0
$1.68M 227.19K 227.19K 0
$1.66M 255.75K 255.75K 0
$1.64M 93.58K 93.58K 0
$1.62M 125K 250K -50.0
$1.53M 127.8K 165K -22.5
$1.47M 105.15K 225.23K -53.3
$1.42M 158.85K 317.7K -50.0
$1.42M 28K 26K +7.7
Holdings list only includes long positions. Only includes long positions.

Calendar

7 May 21
30 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
25 Jun 21 Berding John B Common Stock Sell Dispose S No No 126.8763 2,625 333.05K 35,652
8 Jun 21 Jacobs Terry S Common Stock Sell Dispose S No No 122.0177 131 15.98K 6,000
4 Jun 21 Berding John B Common Stock Sell Dispose S No No 140.3819 4,000 561.53K 38,343.347
4 Jun 21 Lindner S Craig Common Stock Discretionary Dispose I Yes No 138.1 71,427.082 9.86M 29,107.888
2 Jun 21 Brian S. Hertzman Common Stock Sell Dispose S No No 135.5821 1,620 219.64K 6,995

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

64.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 378 368 +2.7%
Opened positions 56 64 -12.5%
Closed positions 46 33 +39.4%
Increased positions 114 83 +37.3%
Reduced positions 141 159 -11.3%
13F shares
Current Prev Q Change
Total value 6.25B 4.89B +27.7%
Total shares 54.93M 55.84M -1.6%
Total puts 70.7K 74.6K -5.2%
Total calls 83.2K 34.3K +142.6%
Total put/call ratio 0.8 2.2 -60.9%
Largest owners
Shares Value Change
Vanguard 7.64M $872.05M +3.9%
BLK Blackrock 6.6M $753.58M +3.0%
FMR 5.31M $605.44M +171.1%
Victory Capital Management 3.99M $455.68M -1.1%
LSV Asset Management 2.93M $334.02M -7.2%
STT State Street 2.69M $307.41M -2.0%
American Financial Group Inc 401 2.57M $293.7M -5.4%
Dimensional Fund Advisors 1.36M $155.44M -1.4%
Alliancebernstein 1.1M $125.07M +16.4%
GS Goldman Sachs 1.04M $118.3M -20.4%
Largest transactions
Shares Bought/sold Change
FMR 5.31M +3.35M +171.1%
Lomas Capital Management 0 -1.09M EXIT
Norges Bank 0 -843.23K EXIT
Westfield Capital Management 707.94K +707.94K NEW
PRU Prudential Financial 245.96K -598.99K -70.9%
Charles Schwab Investment Management 380.39K -594.28K -61.0%
Nordea Investment Management Ab 3.3K -566.45K -99.4%
Citadel Advisors 29.82K -507.81K -94.5%
Allianz Asset Management GmbH 60.52K -429.47K -87.6%
Wellington Management 422.61K +422.61K NEW

Financial report summary

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Risks
  • General economic, financial market and political conditions and conditions in the markets in which we operate may materially adversely affect our investment portfolio, results of operations, financial condition and stock price.
  • A significant majority of AFG’s investment portfolio consists of fixed maturity investments, and changes in global economic conditions, including interest rates, could have a material adverse effect on AFG’s results of operations and financial condition.
  • AFG’s alternative investments may be illiquid and volatile in terms of value and returns, which could negatively affect AFG’s investment income and liquidity.
  • Changes in interest rates could adversely affect the results of operations of AFG’s annuity segment.
  • The modification or elimination of the London Inter-Bank Offered Rate may adversely affect AFG’s results of operations.
  • Adverse developments in the financial markets may limit AFG’s access to capital.
  • Intense competition could adversely affect AFG’s results of operations.
  • The continued threat of terrorism and ongoing military and other actions, as well as civil unrest, may adversely affect AFG’s results of operations.
  • AFG’s results of operations could be adversely impacted by catastrophes, both natural and man-made, pandemics or severe weather conditions or climate change.
  • Volatility in crop prices, as a result of weather conditions, climate change or otherwise, could adversely impact AFG’s results of operations.
  • Changing climate conditions may increase the frequency and severity of catastrophic events and thereby adversely affect our financial condition and results.
  • AFG may experience difficulties with technology or data security, which could have an adverse effect on its business or reputation.
  • Any failure to appropriately collect, administer and protect consumer information could adversely affect AFG’s reputation, subject AFG to fines, claims and penalties, and have a material adverse effect on AFG’s business, financial condition and results of operations.
  • AFG’s international operations exposes it to investment, political and economic risks, including foreign currency and credit risk.
  • Ineffective risk management policies in the indexed annuity business could adversely affect AFG’s results of operations.
  • A significant percentage of AFG’s sales of annuity products through financial institutions is concentrated in a small number of institutions.
  • AFG’s revenues could be adversely affected if it is not able to attract and retain independent agents.
  • Exposure to asbestos or environmental claims could materially adversely affect AFG’s results of operations and financial condition.
  • AFG may suffer losses from litigation, which could materially and adversely affect AFG’s financial condition and business operations.
  • A downgrade or potential downgrade in AFG’s financial strength and/or credit ratings by one or more rating agencies could adversely affect its business, financial condition, results of operations and/or cash flows.
  • The inability to obtain reinsurance or to collect on ceded reinsurance could adversely affect AFG’s results of operations.
  • AFG’s property and casualty reserves may be inadequate, which could have a material adverse effect on AFG’s results of operations.
  • Variations from the actuarial assumptions used to establish certain assets and liabilities in AFG’s annuity business could adversely affect AFG’s results of operations.
  • AFG is subject to comprehensive regulation, and its ability to earn profits may be restricted by these regulations.
  • As a holding company, AFG is dependent on the operations of its insurance company subsidiaries to meet its obligations and pay future dividends.
  • Changes to existing accounting standards could adversely impact AFG’s reported results of operations.
  • Certain shareholders exercise substantial control over AFG’s affairs, which may impede a change of control transaction.
  • The price of AFG Common Stock may fluctuate significantly, which may make it difficult for holders to resell common stock when they want or at a price they find attractive.
Management Discussion
  • Through the operations of its subsidiaries, AFG is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. As discussed above, AFG’s annuity operations, which are engaged in the sale of traditional fixed and indexed annuities in the retail, financial institutions, broker-dealer and registered investment advisor markets, are reported as discontinued operations.
  • AFG reported net earnings from continuing operations attributable to shareholders of $267 million ($3.08 per share, diluted) for the first three months of 2021 compared to a net loss of $141 million ($1.57 per share loss, diluted) for the first three months of 2020. AFG’s results reflect:
  • •higher holding company expenses.
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