Signaturefd LLC Raises Stock Position in American International Group, Inc. (NYSE:AIG)

Signaturefd LLC lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 4.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,704 shares of the insurance provider’s stock after buying an additional 262 shares during the quarter. Signaturefd LLC’s holdings in American International Group were worth $386,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. OFI Invest Asset Management bought a new position in shares of American International Group during the third quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of American International Group during the third quarter valued at approximately $32,000. CNB Bank bought a new position in shares of American International Group during the third quarter valued at approximately $42,000. SouthState Corp boosted its stake in shares of American International Group by 41.7% during the third quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 217 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of American International Group by 41.7% during the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 232 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American International Group

In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John C. Inglis purchased 659 shares of American International Group stock in a transaction that occurred 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 transaction, the director now directly owns 659 shares in the company, valued at $49,682.01. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

American International Group Trading Down 0.5 %

NYSE:AIG opened at $74.62 on Friday. American International Group, Inc. has a 12 month low of $48.95 and a 12 month high of $78.95. The firm has a fifty day simple moving average of $74.61 and a 200-day simple moving average of $68.85. 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 market capitalization of $50.81 billion, a P/E ratio of 14.95, a PEG ratio of 1.08 and a beta of 1.03.

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

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given 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 yield of 1.93%. American International Group’s dividend payout ratio is presently 28.86%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. UBS Group increased their price objective on shares of American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. BMO Capital Markets lowered their target price on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Keefe, Bruyette & Woods raised their target price on shares of American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research note on Wednesday, April 10th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and an average target price of $80.38.

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.