Commerce Bank Buys 172 Shares of American International Group, Inc. (NYSE:AIG)

Commerce Bank boosted its position in American International Group, Inc. (NYSE:AIG) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,234 shares of the insurance provider’s stock after purchasing an additional 172 shares during the quarter. Commerce Bank’s holdings in American International Group were worth $1,262,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AIG. EP Wealth Advisors LLC raised its stake in American International Group by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider’s stock valued at $276,000 after buying an additional 165 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in American International Group by 27.8% in the 1st quarter. Advisors Asset Management Inc. now owns 17,459 shares of the insurance provider’s stock worth $1,365,000 after purchasing an additional 3,793 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in American International Group by 7.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 29,286 shares of the insurance provider’s stock valued at $2,289,000 after purchasing an additional 1,982 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its stake in American International Group by 14.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 13,133 shares of the insurance provider’s stock valued at $1,027,000 after purchasing an additional 1,675 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in American International Group by 0.8% during the first quarter. California State Teachers Retirement System now owns 1,213,127 shares of the insurance provider’s stock valued at $94,830,000 after purchasing an additional 9,326 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AIG. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. Barclays assumed coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Bank of America upped their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Finally, UBS Group raised their price objective on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.80.

American International Group Stock Performance

NYSE AIG opened at $76.06 on Monday. The business has a 50-day moving average price of $75.50 and a 200-day moving average price of $75.56. The firm has a market cap of $47.44 billion, a price-to-earnings ratio of -22.44, a price-to-earnings-growth ratio of 7.52 and a beta of 1.05. American International Group, Inc. has a twelve month low of $64.54 and a twelve month high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the firm posted $1.61 EPS. As a group, equities research analysts predict that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.10%. The ex-dividend date is Monday, December 16th. American International Group’s payout ratio is currently -47.20%.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. This represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

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.