Sigma Planning Corp Purchases Shares of 6,124 American International Group, Inc. (NYSE:AIG)

Sigma Planning Corp acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,124 shares of the insurance provider’s stock, valued at approximately $448,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AIG. Dimensional Fund Advisors LP increased its stake in American International Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock valued at $477,802,000 after acquiring an additional 269,188 shares during the period. Clearbridge Investments LLC grew its holdings in shares of American International Group by 0.6% during the 1st quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock worth $425,273,000 after purchasing an additional 31,340 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of American International Group by 6.7% during the second quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider’s stock valued at $233,743,000 after purchasing an additional 198,889 shares during the period. APG Asset Management N.V. raised its stake in shares of American International Group by 13.3% in the second quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider’s stock valued at $152,411,000 after purchasing an additional 258,700 shares in the last quarter. Finally, National Pension Service lifted its position in American International Group by 5.1% in the third quarter. National Pension Service now owns 2,186,421 shares of the insurance provider’s stock worth $160,112,000 after purchasing an additional 105,213 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were 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. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AIG. TD Cowen dropped their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Evercore ISI dropped their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Citigroup decreased their price objective on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods dropped their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays assumed coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price for the company. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.13.

American International Group Stock Up 0.0 %

Shares of NYSE AIG opened at $75.77 on Friday. American International Group, Inc. has a 12-month low of $63.57 and a 12-month high of $80.83. The firm’s 50-day simple moving average is $75.12 and its 200 day simple moving average is $75.68. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $47.26 billion, a price-to-earnings ratio of -22.62, a price-to-earnings-growth ratio of 7.53 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the prior year, the business earned $1.61 earnings per share. On average, research analysts expect that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.11%. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

American International Group Profile

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.