Cetera Trust Company N.A Invests $158,000 in American International Group, Inc. (NYSE:AIG)

Cetera Trust Company N.A acquired a new position in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,326 shares of the insurance provider’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Meeder Advisory Services Inc. lifted its position in American International Group by 1.3% during the third quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock valued at $776,000 after purchasing an additional 162 shares during the period. Avantax Advisory Services Inc. lifted its position in American International Group by 3.6% during the third quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 167 shares during the period. Steph & Co. lifted its position in American International Group by 3.3% during the third quarter. Steph & Co. now owns 5,448 shares of the insurance provider’s stock valued at $330,000 after purchasing an additional 176 shares during the period. Lindbrook Capital LLC lifted its position in American International Group by 2.7% during the fourth quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 176 shares during the period. Finally, Aspiriant LLC lifted its position in American International Group by 3.4% during the fourth quarter. Aspiriant LLC now owns 5,417 shares of the insurance provider’s stock valued at $367,000 after purchasing an additional 178 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 1.0 %

Shares of NYSE AIG opened at $74.96 on Tuesday. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95. The stock has a market cap of $51.04 billion, a PE ratio of 15.02, a P/E/G ratio of 1.07 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $74.31 and a 200 day moving average of $68.66.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.61 billion. During the same quarter in the prior year, the company earned $1.36 EPS. American International Group’s revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.92%. American International Group’s dividend payout ratio is presently 28.86%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AIG. Wells Fargo & Company lifted their price objective on shares of American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. JPMorgan Chase & Co. lifted their price objective on shares of American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Citigroup lifted their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada lifted their price objective on shares of American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, Piper Sandler lifted their price objective on shares of American International Group from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

Insider Activity at American International Group

In other American International Group news, Director John C. Inglis acquired 659 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the purchase, the director now owns 659 shares in the company, valued at $49,682.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now directly owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase 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.