American International Group, Inc. (NYSE:AIG) Shares Purchased by Syon Capital LLC

Syon Capital LLC raised its holdings in American International Group, Inc. (NYSE:AIG) by 76.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 7,165 shares of the insurance provider’s stock after buying an additional 3,093 shares during the quarter. Syon Capital LLC’s holdings in American International Group were worth $485,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management purchased a new position in shares of American International Group in the 3rd quarter valued at about $26,000. Headlands Technologies LLC purchased a new position in American International Group in the third quarter valued at about $32,000. CNB Bank acquired a new stake in shares of American International Group during the 3rd quarter valued at approximately $42,000. SouthState Corp lifted its position in shares of American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 217 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 232 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

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

American International Group Price Performance

AIG stock opened at $74.47 on Friday. The stock has a market capitalization of $50.71 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The stock’s fifty day simple moving average is $74.70 and its 200-day simple moving average is $68.94. American International Group, Inc. has a 52-week low of $48.95 and a 52-week high of $78.95. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.36 EPS. Equities research analysts expect that American International Group, Inc. will post 6.95 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 1.93%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

Analysts Set New Price Targets

AIG has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price target on American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. UBS Group raised their target price on shares of American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Morgan Stanley lifted their target price on shares of American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Finally, TD Cowen assumed coverage on shares of American International Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, American International Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

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.