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Trust Co. of Vermont Acquires New Stake in American International Group, Inc. (NYSE:AIG)

Defense World ·  10/02 19:51

Trust Co. of Vermont acquired a new stake in American International Group, Inc. (NYSE:AIG – Get Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,243 shares of the insurance provider's stock, valued at approximately $115,000.

Other institutional investors have also bought and sold shares of the company. Quent Capital LLC lifted its stake in American International Group by 94.5% in the first quarter. Quent Capital LLC now owns 2,688 shares of the insurance provider's stock valued at $169,000 after purchasing an additional 1,306 shares during the last quarter. 180 Wealth Advisors LLC lifted its stake in American International Group by 13.7% in 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. Belpointe Asset Management LLC lifted its stake in American International Group by 24.9% in the first quarter. Belpointe Asset Management LLC now owns 3,014 shares of the insurance provider's stock valued at $189,000 after purchasing an additional 601 shares during the last quarter. Mackenzie Financial Corp lifted its stake in American International Group by 17.0% in the fourth quarter. Mackenzie Financial Corp now owns 364,136 shares of the insurance provider's stock valued at $20,705,000 after purchasing an additional 53,013 shares during the last quarter. Finally, Seelaus Asset Management LLC lifted its stake in American International Group by 20.3% in the first quarter. Seelaus Asset Management LLC now owns 27,530 shares of the insurance provider's stock valued at $1,728,000 after purchasing an additional 4,655 shares during the last quarter. Hedge funds and other institutional investors own 90.18% of the company's stock.

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Insider Activity at American International Group

In related news, EVP Luciana Fato sold 17,000 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $54.01, for a total value of $918,170.00. Following the transaction, the executive vice president now 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, major shareholder International Group American sold 80,000,000 shares of the firm's stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $21.00, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Luciana Fato sold 17,000 shares of the firm's stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $54.01, for a total value of $918,170.00. Following the transaction, the executive vice president now directly owns 45,444 shares in the company, valued at $2,454,430.44. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Analysts Set New Price Targets

AIG has been the topic of several recent research reports. StockNews.com downgraded American International Group from a "buy" rating to a "hold" rating in a research report on Saturday, July 2nd. Credit Suisse Group increased their target price on American International Group from $50.00 to $60.00 and gave the stock a "neutral" rating in a research report on Monday, September 12th. Finally, Barclays dropped their target price on American International Group from $63.00 to $56.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 14th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, American International Group has an average rating of "Hold" and a consensus target price of $65.29.

American International Group Trading Down 0.4 %

American International Group stock opened at $47.48 on Friday. The stock has a market cap of $36.10 billion, a P/E ratio of 3.12 and a beta of 1.17. American International Group, Inc. has a fifty-two week low of $47.05 and a fifty-two week high of $65.73. The firm's fifty day moving average price is $52.98 and its 200-day moving average price is $55.91. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.32 and a current ratio of 0.32.

American International Group (NYSE:AIG – Get Rating) last released its quarterly earnings results on Monday, August 8th. The insurance provider reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.04). The firm had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $11.19 billion. American International Group had a return on equity of 7.12% and a net margin of 22.23%. During the same period in the previous year, the company posted $1.52 EPS. Equities research analysts forecast that American International Group, Inc. will post 5.03 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were paid a $0.32 dividend. The ex-dividend date was Thursday, September 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.70%. American International Group's dividend payout ratio is presently 8.40%.

American International Group 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.

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