Mitchell Mcleod Pugh & Williams Inc. Sells 214 Shares of American International Group, Inc. (NYSE:AIG)

Mitchell Mcleod Pugh & Williams Inc. lessened its stake in American International Group, Inc. (NYSE:AIG) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,961 shares of the insurance provider’s stock after selling 214 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in American International Group were worth $607,000 at the end of the most recent reporting period.

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

American International Group Stock Up 1.6 %

Shares of NYSE AIG opened at $75.74 on Tuesday. The stock has a market capitalization of $51.58 billion, a PE ratio of 15.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95. The stock’s fifty day simple moving average is $74.81 and its two-hundred day simple moving average is $69.15.

American International Group (NYSE:AIG) last announced its 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. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the company posted $1.36 earnings per share. The firm’s revenue was up .0% on a year-over-year basis. As a group, analysts expect that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.36 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.90%. American International Group’s dividend payout ratio (DPR) is 28.86%.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on American International Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 10th. Morgan Stanley boosted their target price on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Evercore ISI increased their target price 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. BMO Capital Markets lowered their target price on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $77.00 in a research note on Tuesday, February 20th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

About American International Group

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.