Stock Yards Bank & Trust Co. Has $460,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Stock Yards Bank & Trust Co. decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,784 shares of the insurance provider’s stock after selling 290 shares during the period. Stock Yards Bank & Trust Co.’s holdings in American International Group were worth $460,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management bought a new position in American International Group during the third quarter valued at about $26,000. Headlands Technologies LLC bought a new position in American International Group during the third quarter valued at about $32,000. CNB Bank bought a new position in American International Group during the third quarter valued at about $42,000. SouthState Corp raised its holdings in American International Group by 41.7% during the third quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after buying an additional 217 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in American International Group by 41.7% during the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after buying an additional 232 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the topic of several recent research reports. UBS Group raised their target price on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets cut their target price on American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Keefe, Bruyette & Woods raised their target price on American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Evercore ISI lifted their price objective on American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. Finally, Citigroup lifted their price objective on American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

American International Group Stock Down 0.0 %

NYSE AIG opened at $74.93 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average is $74.41 and its two-hundred day moving average is $68.76. The company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 1-year low of $48.95 and a 1-year high of $78.95.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. American International Group’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the company earned $1.36 EPS. Equities analysts forecast 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 given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.92%. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

Insider Buying and Selling

In related news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director John C. Inglis acquired 659 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the transaction, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Peter Zaffino sold 333,000 shares of the 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 transaction, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate 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.