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Diversified Trust Co Purchases 1,822 Shares of American International Group, Inc. (NYSE:AIG)

Defense World · Sep 23, 2022 06:42

Diversified Trust Co increased its stake in shares of American International Group, Inc. (NYSE:AIG – Get Rating) by 28.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,192 shares of the insurance provider's stock after purchasing an additional 1,822 shares during the quarter. Diversified Trust Co's holdings in American International Group were worth $419,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Arden Trust Co bought a new stake in shares of American International Group during the second quarter valued at approximately $1,622,000. Rothschild Investment Corp IL grew its stake in shares of American International Group by 0.8% during the second quarter. Rothschild Investment Corp IL now owns 170,406 shares of the insurance provider's stock valued at $8,713,000 after purchasing an additional 1,424 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of American International Group by 25.6% during the second quarter. Financial Management Professionals Inc. now owns 3,050 shares of the insurance provider's stock valued at $156,000 after purchasing an additional 621 shares during the last quarter. 180 Wealth Advisors LLC grew its stake in shares of American International Group by 13.7% during the second quarter. 180 Wealth Advisors LLC now owns 5,397 shares of the insurance provider's stock valued at $281,000 after purchasing an additional 652 shares during the last quarter. Finally, MJP Associates Inc. ADV bought a new stake in shares of American International Group during the second quarter valued at approximately $271,000. 90.18% of the stock is owned by institutional investors.

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Insider Buying and Selling at American International Group

In other American International Group news, EVP Luciana Fato sold 17,000 shares of the business's stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $54.01, for a total value of $918,170.00. Following the completion of the transaction, the executive vice president now directly owns 45,444 shares of the company's stock, valued at $2,454,430.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Luciana Fato sold 17,000 shares of the company's stock in a transaction dated Wednesday, August 24th. The stock was sold at an average price of $54.01, for a total transaction of $918,170.00. Following the completion of the transaction, the executive vice president now directly owns 45,444 shares of the company's stock, valued at $2,454,430.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder International Group American sold 80,000,000 shares of the company's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $21.00, for a total value of $1,680,000,000.00. Following the transaction, the insider now directly owns 501,145,000 shares of the company's stock, valued at $10,524,045,000. The disclosure for this sale can be found here. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AIG. StockNews.com cut shares of American International Group from a "buy" rating to a "hold" rating in a research note on Saturday, July 2nd. Credit Suisse Group lifted their price objective on American International Group from $50.00 to $60.00 and gave the stock a "neutral" rating in a research note on Monday, September 12th. Finally, Barclays dropped their price objective on American International Group from $63.00 to $56.00 and set an "equal weight" rating for the company in a report on Thursday, July 14th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $65.29.

American International Group Trading Down 2.1 %

NYSE AIG opened at $51.21 on Friday. American International Group, Inc. has a 12 month low of $48.40 and a 12 month high of $65.73. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $38.94 billion, a PE ratio of 3.36 and a beta of 1.17. The stock has a 50-day simple moving average of $53.29 and a 200 day simple moving average of $56.27.

American International Group (NYSE:AIG – Get Rating) last posted its earnings results on Monday, August 8th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($0.02). American International Group had a net margin of 22.23% and a return on equity of 7.12%. During the same period last year, the firm earned $1.52 earnings per share. Research analysts forecast that American International Group, Inc. will post 5.03 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.50%. American International Group's payout ratio is 8.40%.

American International Group Company Profile

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American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.