Andra AP fonden Purchases New Shares in American International Group, Inc. $AIG

Andra AP fonden purchased a new stake in American International Group, Inc. (NYSE:AIG) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,300 shares of the insurance provider’s stock, valued at approximately $652,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. Westfuller Advisors LLC purchased a new stake in American International Group during the third quarter valued at approximately $26,000. Atlantic Union Bankshares Corp boosted its holdings in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares during the period. Eastern Bank increased its position in shares of American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group during the 2nd quarter valued at approximately $32,000. Finally, Motco lifted its holdings in shares of American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the subject of several analyst reports. Piper Sandler decreased their price objective on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. The Goldman Sachs Group raised their price target on American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Wells Fargo & Company boosted their price objective on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Royal Bank Of Canada initiated coverage on American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, American International Group has a consensus rating of “Hold” and an average target price of $87.58.

American International Group Stock Up 0.1%

Shares of American International Group stock opened at $80.40 on Monday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market cap of $43.14 billion, a P/E ratio of 14.83, a PEG ratio of 0.62 and a beta of 0.58. The firm’s 50 day moving average price is $78.24 and its 200-day moving average price is $78.96. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the firm earned $1.30 earnings per share. On average, sell-side analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, March 16th. American International Group’s payout ratio is 33.21%.

American International Group Profile

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.