J.W. Cole Advisors Inc. bought a new stake in shares of American International Group, Inc. (NYSE:AIG – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 70,284 shares of the insurance provider's stock, valued at approximately $38,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of AIG. Riverview Trust Co bought a new stake in American International Group in the 1st quarter valued at $27,000. Clearstead Advisors LLC bought a new stake in American International Group in the 4th quarter valued at $29,000. Chilton Capital Management LLC bought a new stake in American International Group in the 4th quarter valued at $39,000. Tcwp LLC bought a new stake in American International Group in the 1st quarter valued at $40,000. Finally, Herold Advisors Inc. bought a new stake in American International Group in the 1st quarter valued at $56,000. 90.18% of the stock is currently owned by institutional investors.
Get American International Group alerts:American International Group Stock Performance
Shares of NYSE:AIG opened at $49.77 on Friday. The company has a market capitalization of $37.85 billion, a price-to-earnings ratio of 3.27 and a beta of 1.17. American International Group, Inc. has a 12 month low of $48.40 and a 12 month high of $65.73. The firm's 50-day moving average is $53.28 and its 200 day moving average is $56.23. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.61.
American International Group (NYSE:AIG – Get Rating) last released its quarterly earnings data on Monday, August 8th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $1.52 earnings per share. Research analysts predict that American International Group, Inc. will post 5.03 EPS for the current year.American International Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.28 annualized dividend and a yield of 2.57%. American International Group's dividend payout ratio (DPR) is 8.40%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on AIG. Barclays reduced their target price on shares of American International Group from $63.00 to $56.00 and set an "equal weight" rating on the stock in a report on Thursday, July 14th. Credit Suisse Group boosted their target price on shares of American International Group from $50.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, September 12th. Finally, StockNews.com downgraded shares of American International Group from a "buy" rating to a "hold" rating in a report on Saturday, July 2nd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $65.29.
Insider Buying and Selling at American International Group
In other American International Group news, major shareholder International Group American sold 80,000,000 shares of the business's stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $21.00, for a total value of $1,680,000,000.00. Following the completion of the sale, the insider now directly owns 501,145,000 shares of the company's stock, valued at approximately $10,524,045,000. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, major shareholder International Group American sold 80,000,000 shares of the business's stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $21.00, for a total transaction of $1,680,000,000.00. Following the completion of the transaction, the insider now owns 501,145,000 shares in the company, valued at approximately $10,524,045,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Luciana Fato sold 17,000 shares of the business's stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $54.01, for a total transaction of $918,170.00. Following the transaction, the executive vice president now owns 45,444 shares of the company's stock, valued at approximately $2,454,430.44. The disclosure for this sale can be found here. 0.31% of the stock is owned by corporate insiders.
About American International Group
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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.
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