Key Points
- CEO Peter Zaffino sold 36,829 AIG shares for approximately $2.8 million at an average price of $76.14, following a 200,000-share sale the previous day. Both transactions were conducted under a pre-arranged Rule 10b5-1 plan.
- AIG reported quarterly EPS of $2.00, exceeding analysts’ $1.92 estimate, while revenue of $7.08 billion fell short of expectations. The company also declared a quarterly dividend of $0.50 per share, representing a 2.6% yield.
- Analyst sentiment remains mixed, with AIG carrying an average “Hold” rating and an average price target of $88.39 versus a recent share price near $76.05. Recent targets ranged from $81 to $98, reflecting differing views on the stock’s upside.
American International Group, Inc. (NYSE:AIG - Get Free Report) insider Peter Zaffino sold 36,829 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $76.14, for a total value of $2,804,160.06. Following the completion of the transaction, the insider directly owned 556,004 shares in the company, valued at $42,334,144.56. The trade was a 6.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Peter Zaffino also recently made the following trade(s):
- On Wednesday, August 12th, Peter Zaffino sold 200,000 shares of American International Group stock. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00.
American International Group Price Performance
Shares of NYSE:AIG opened at $76.05 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $39.77 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.70 and a beta of 0.53. The firm's 50 day moving average price is $77.55 and its 200-day moving average price is $76.90. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29.
American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.03%. The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period in the previous year, the business posted $1.81 earnings per share. Equities research analysts expect that American International Group, Inc. will post 8.01 EPS for the current year.
American International Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group's dividend payout ratio (DPR) is currently 36.56%.
Analysts Set New Price Targets
A number of brokerages recently commented on AIG. Wells Fargo & Company decreased their target price on American International Group from $89.00 to $85.00 and set an "equal weight" rating on the stock in a report on Monday. UBS Group boosted their price target on American International Group from $94.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, July 8th. Weiss Ratings upgraded American International Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. Morgan Stanley decreased their price objective on American International Group from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Cantor Fitzgerald raised American International Group from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $85.00 to $92.00 in a research report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, American International Group currently has an average rating of "Hold" and an average price target of $88.39.
Check Out Our Latest Stock Analysis on AIG
Key Stories Impacting American International Group
Here are the key news stories impacting American International Group this week:
- Positive Sentiment: AIG introduced a Parametric Cloud Outage Solution, designed to provide predetermined payments when cloud-service disruptions meet specified conditions. The offering expands the insurer’s cyber coverage and could support future growth as businesses seek protection against cloud-related interruptions. AIG Expands Cyber Insurance Offering to Help Businesses Manage Cloud Outage Risks
- Positive Sentiment: KBW maintained a Buy rating on AIG, while Royal Bank of Canada raised its price target to $87. These views indicate that some analysts see additional upside from current trading levels. KBW Remains a Buy on American International Group Royal Bank of Canada Increases AIG Price Target
- Neutral Sentiment: Morgan Stanley lowered its AIG price target from $82 to $81 and kept an Equal Weight rating. The revised target still implied roughly 6.5% upside based on the referenced price, but the reduction signals more limited near-term conviction. Morgan Stanley AIG analyst update
- Neutral Sentiment: AIG appointed a 15-year company veteran to lead its North American cyber and professional liability business. The move may support execution in a strategically important insurance segment, although no immediate financial impact was disclosed. AIG taps veteran to head cyber and professional liability
- Negative Sentiment: Chief Executive Peter Zaffino sold a combined 236,829 AIG shares for approximately $18.1 million, reducing his holdings. Because both transactions were conducted under a pre-arranged Rule 10b5-1 plan, the sales may reflect scheduled diversification rather than a change in his outlook, but they can nevertheless weigh on sentiment.
- Neutral Sentiment: Analyst opinions on AIG remain mixed, suggesting the stock lacks a clear consensus catalyst despite its moderate valuation and continued analyst price targets above the referenced market price. Analysts’ Opinions Are Mixed on AIG
Hedge Funds Weigh In On American International Group
Hedge funds and other institutional investors have recently modified their holdings of the stock. Modus Advisors LLC purchased a new position in American International Group during the fourth quarter valued at $27,000. Navalign LLC purchased a new stake in American International Group in the 4th quarter worth $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of American International Group during the 4th quarter valued at about $29,000. SHP Wealth Management bought a new position in shares of American International Group during the 4th quarter valued at about $34,000. Finally, CENTRAL TRUST Co grew its position in shares of American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider's stock valued at $35,000 after purchasing an additional 151 shares in the last quarter. Institutional investors own 90.60% of the company's stock.
American International Group Company Profile
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Get Free Report)
American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.
The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.
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