Alaska Permanent Fund Corp Decreases Stake in American International Group, Inc. (NYSE:AIG)

Alaska Permanent Fund Corp cut its position in shares of American International Group, Inc. (NYSE:AIG) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,737 shares of the insurance provider’s stock after selling 263 shares during the period. Alaska Permanent Fund Corp’s holdings in American International Group were worth $2,760,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AIG. OFI Invest Asset Management acquired a new position in American International Group in the 3rd quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of American International Group in the 3rd quarter valued at approximately $32,000. CNB Bank purchased a new stake in American International Group during the 3rd quarter worth approximately $42,000. SouthState Corp increased its stake in American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock worth $45,000 after buying an additional 217 shares during the period. Finally, Blue Trust Inc. increased its stake in American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after buying an additional 232 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Up 0.1 %

Shares of American International Group stock traded up $0.04 during trading hours on Wednesday, hitting $74.97. The company had a trading volume of 2,669,862 shares, compared to its average volume of 3,937,649. The company’s 50-day moving average is $74.41 and its two-hundred day moving average is $68.76. American International Group, Inc. has a twelve month low of $48.95 and a twelve month high of $78.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market cap of $51.05 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The firm had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. American International Group’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. Analysts anticipate that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

Analyst Upgrades and Downgrades

AIG has been the topic of several recent research reports. JPMorgan Chase & Co. upped their target price on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Royal Bank of Canada upped their target price on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Citigroup increased their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and increased their price objective for the company from $75.00 to $77.00 in a research report on Tuesday, February 20th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

Insider Buying and Selling

In other news, Director John C. Inglis bought 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the purchase, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the sale, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Inglis bought 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the purchase, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by company insiders.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.