American International Group, Inc. (NYSE:AIG) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 13.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,319 shares of the insurance provider’s stock after purchasing an additional 507 shares during the period. Kovack Advisors Inc.’s holdings in American International Group were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of AIG. OFI Invest Asset Management acquired a new stake in shares of American International Group in the third quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in American International Group in the 3rd quarter worth approximately $32,000. CNB Bank purchased a new stake in American International Group in the 3rd quarter worth approximately $42,000. SouthState Corp raised its holdings in American International Group by 41.7% in the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 217 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 worth $53,000 after purchasing an additional 232 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

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

American International Group Trading Up 1.6 %

NYSE AIG opened at $75.74 on Tuesday. The company’s fifty day moving average price is $74.81 and its two-hundred day moving average price is $69.15. The company has a market capitalization of $51.58 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 12 month low of $48.95 and a 12 month high of $78.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31.

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

American International Group Dividend Announcement

The business 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 of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.90%. American International Group’s payout ratio is currently 28.86%.

Analysts Set New Price Targets

AIG has been the topic of several recent analyst reports. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. upped their price objective on American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Wells Fargo & Company lifted their target price on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Piper Sandler upped their price target on American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, UBS Group lifted their price objective 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 given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

About American International Group

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.