Alliancebernstein L.P. 13F: Cuts AFG Stake by $13M

Alliancebernstein L.P. has reduced its position in American Financial Group, Inc. (NYSE: AFG) according to its latest Form 13F filing with the SEC. The firm trimmed its holdings by 92,361 shares, a 9.3% decrease, leaving it with 901,017 shares valued at approximately $125.5 million as of the end of the reporting period.

What Changed in Alliancebernstein's American Financial Group Position

Alliancebernstein decreased its stake in American Financial Group by 9.3%, selling 92,361 shares. This reduction brought its total holdings to 901,017 shares, valued at about $125.5 million. Prior to this change, the firm held 993,378 shares.

Other Institutional Activity in American Financial Group

Several other institutional investors also adjusted their positions in American Financial Group. BlackRock, Inc. reduced its holdings by 415,405 shares, ending with 6,835,077 shares worth about $872.9 million, reflecting a 5.7% decrease. FMR LLC cut its stake by 304,164 shares, now holding 6,373,439 shares valued at approximately $813.9 million, marking a 4.6% decrease. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC opened new positions, acquiring 3,912,066 and 3,284,836 shares, respectively. State Street Corp increased its stake by 385,196 shares, a 14.7% rise, bringing its total to 3,011,117 shares valued at $384.5 million.

American Financial Group, Inc. Stock Down 2.2%

Shares of NYSE:AFG traded near $139.24 on Friday. American Financial Group has a market capitalization of $11.3 billion, a P/E ratio of 12.91, and a beta of 0.629. The stock has traded between $122.11 and $150.02 over the past year. It has a 50-day moving average of $132.56 and a 200-day moving average of $133.85. The company's current ratio stands at 2.145, with a quick ratio of 0.836 and a debt-to-equity ratio of 43.523.

Recent Earnings

American Financial Group reported revenue of approximately $7.95 billion, with a modest revenue growth of 0.3%. The company's net margin was 11.06%, and it achieved a return on equity of 19.38%. The next earnings report is scheduled for August 4, 2026.

Dividend

American Financial Group pays an annual dividend of $3.52, yielding 2.59% at the current share price. The dividend payout ratio is 31.91%.

Insider Buying and Selling at American Financial Group, Inc.

Recent insider transactions included sales by Michelle Gillis, Senior Vice President, who sold 2,247 shares at $139.00 on June 24, 2026, and David Lawrence Jr., President of a subsidiary, who sold 11,370 shares at $135.05 on June 23, 2026. Additionally, insiders Gregory Joseph, William Verity, Mary Beth Martin, and Evans Nwankwo each bought 1,299 shares on June 1, 2026, at an undisclosed price.

Analysts Set New Price Targets

On May 26, 2026, Piper Sandler maintained a 'hold' rating with a $140.00 price target. Earlier, on May 6, 2026, Wells Fargo maintained a 'buy' rating with a $158.00 price target. The consensus among analysts is a 'hold' rating, with an average price target of $142.83 based on six opinions.

About American Financial Group

American Financial Group, Inc. is a Cincinnati-based insurance holding company specializing in property and casualty insurance products. The company operates through its Property and Casualty Insurance and Other segments, offering coverage for buses, trucks, marine, agricultural, and other commercial properties. Founded in 1872, it employs about 8,500 people and is led by CEO Stephen Craig Lindner.

Bottom Line

Alliancebernstein's decision to trim its stake in American Financial Group reflects a cautious stance, but it's not alone, as other major funds have also adjusted their positions. Investors keep a close eye on these filings to gauge institutional sentiment, though it's important to remember that 13F filings are backward-looking and may not represent current positions.