American International Group, Inc. (NYSE:AIG) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp decreased its position in American International Group, Inc. (NYSE:AIG) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,737 shares of the insurance provider’s stock after selling 263 shares during the quarter. Alaska Permanent Fund Corp’s holdings in American International Group were worth $2,760,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. LSV Asset Management lifted its holdings in American International Group by 13.2% in the third quarter. LSV Asset Management now owns 5,496,879 shares of the insurance provider’s stock valued at $333,111,000 after acquiring an additional 639,079 shares during the period. FMR LLC raised its position in shares of American International Group by 5.0% during the 3rd quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock valued at $772,352,000 after acquiring an additional 604,901 shares in the last quarter. Invesco Ltd. grew its stake in shares of American International Group by 3.0% in the third quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock worth $1,035,384,000 after purchasing an additional 503,547 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of American International Group by 55.3% in the third quarter. Westfield Capital Management Co. LP now owns 1,336,355 shares of the insurance provider’s stock valued at $80,983,000 after buying an additional 476,104 shares during the period. Finally, Adams Diversified Equity Fund Inc. purchased a new stake in shares of American International Group during the third quarter valued at $25,549,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Up 0.1 %

AIG traded up $0.04 on Wednesday, hitting $74.97. 2,669,862 shares of the company were exchanged, compared to its average volume of 3,937,649. American International Group, Inc. has a 12 month low of $48.95 and a 12 month high of $78.95. The company has a market cap of $51.05 billion, a PE ratio of 15.02, a PEG ratio of 1.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day moving average is $74.41 and its 200-day moving average is $68.76.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. Equities research analysts predict that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.92%. American International Group’s dividend payout ratio (DPR) is currently 28.86%.

Analysts Set New Price Targets

A number of research analysts have recently commented on AIG shares. Evercore ISI increased their price objective on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Piper Sandler raised their target price on American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and raised their price target for the company from $75.00 to $77.00 in a report on Tuesday, February 20th. Royal Bank of Canada lifted their target price on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, UBS Group lifted their target price on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

Insider Transactions at American International Group

In related news, Director John C. Inglis acquired 659 shares of the stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now directly owns 659 shares in the company, valued at $49,682.01. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other American International Group news, Director John C. Inglis bought 659 shares of American International Group stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

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.