3,413 Shares in American International Group, Inc. (NYSE:AIG) Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,413 shares of the insurance provider’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swedbank AB bought a new stake in shares of American International Group during the 1st quarter worth $99,951,000. Canada Pension Plan Investment Board grew its position in shares of American International Group by 98.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock valued at $148,053,000 after purchasing an additional 941,607 shares during the last quarter. Bank of Montreal Can grew its position in shares of American International Group by 83.6% in the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after purchasing an additional 597,765 shares during the last quarter. Senator Investment Group LP increased its stake in shares of American International Group by 41.0% in the first quarter. Senator Investment Group LP now owns 1,517,466 shares of the insurance provider’s stock worth $118,620,000 after purchasing an additional 441,048 shares during the period. Finally, National Bank of Canada FI lifted its position in shares of American International Group by 171.9% during the 1st quarter. National Bank of Canada FI now owns 640,971 shares of the insurance provider’s stock worth $51,348,000 after purchasing an additional 405,230 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on AIG shares. Bank of America lifted their price target on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Citigroup cut their target price on shares of American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Tuesday, July 9th. UBS Group upped their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI reduced their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.38.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

American International Group Stock Down 0.2 %

Shares of NYSE:AIG opened at $75.72 on Friday. The company’s fifty day moving average is $75.09 and its 200-day moving average is $75.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52 week low of $62.52 and a 52 week high of $80.83. The company has a market capitalization of $48.76 billion, a PE ratio of -58.70, a P/E/G ratio of 5.29 and a beta of 1.06.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the prior year, the company posted $1.75 earnings per share. American International Group’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts predict that American International Group, Inc. will post 4.99 earnings per share for the current fiscal year.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.