American International Group, Inc. (NYSE:AIG - Get Free Report) Director John Inglis bought 128 shares of the business's stock in a transaction on Monday, November 9th. The shares were acquired at an average cost of $78.41 per share, for a total transaction of $10,036.48. Following the purchase, the director directly owned 2,808 shares in the company, valued at $220,175.28. This represents a 4.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
American International Group Trading Up 2.3%
Shares of AIG stock opened at $79.57 on Tuesday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The firm has a market capitalization of $41.61 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.85 and a beta of 0.48. The stock has a fifty day moving average of $77.51 and a two-hundred day moving average of $76.98. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61.
American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $1.88 by $0.18. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. American International Group had a return on equity of 10.73% and a net margin of 11.86%. During the same period last year, the company earned $2.20 earnings per share. As a group, research analysts expect that American International Group, Inc. will post 8.10 EPS for the current year.
American International Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.00 annualized dividend and a yield of 2.5%. American International Group's dividend payout ratio is presently 32.57%.
Institutional Trading of American International Group
Hedge funds and other institutional investors have recently modified their holdings of the company. First Bancorp Inc ME acquired a new position in American International Group during the second quarter worth about $30,000. Fiduciary Financial Advisors bought a new stake in American International Group in the second quarter worth about $34,000. Center for Financial Planning Inc. raised its position in American International Group by 52.0% in the third quarter. Center for Financial Planning Inc. now owns 456 shares of the insurance provider's stock worth $34,000 after acquiring an additional 156 shares in the last quarter. AlTi Global Inc. acquired a new stake in American International Group in the 3rd quarter valued at about $41,000. Finally, Elevation Wealth Partners LLC lifted its holdings in American International Group by 71.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 556 shares of the insurance provider's stock valued at $41,000 after acquiring an additional 232 shares during the last quarter. Institutional investors own 90.60% of the company's stock.
Analyst Ratings Changes
AIG has been the subject of a number of recent analyst reports. Mizuho decreased their target price on shares of American International Group from $85.00 to $83.00 and set a "neutral" rating for the company in a research report on Wednesday, October 7th. Bank of America restated a "neutral" rating on shares of American International Group in a research report on Wednesday, November 4th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of American International Group in a research note on Tuesday, September 29th. Wall Street Zen raised shares of American International Group from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Piper Sandler increased their price objective on shares of American International Group from $84.00 to $85.00 and gave the company a "neutral" rating in a report on Monday. Eight research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.84.
Read Our Latest Research Report on AIG
About American International Group
(
Get Free Report)
American International Group, Inc (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets.
AIG's principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.
AIG provides insurance through its subsidiaries and operates across a range of markets worldwide.
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