Bokf Na Reduces Stock Position in American International Group, Inc. (NYSE:AIG)

Bokf Na lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,232 shares of the insurance provider’s stock after selling 295 shares during the period. Bokf Na’s holdings in American International Group were worth $639,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AIG. Rise Advisors LLC purchased a new stake in shares of American International Group in the 1st quarter worth about $29,000. Valued Wealth Advisors LLC lifted its position in shares of American International Group by 303.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 276 shares during the period. CENTRAL TRUST Co increased its stake in shares of American International Group by 123.8% in the 1st quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 250 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of American International Group in the 4th quarter worth about $40,000. Finally, Scarborough Advisors LLC bought a new position in shares of American International Group in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity

In other news, major shareholder International Group American sold 1,932,609 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the transaction, the insider now owns 292,271,027 shares in the company, valued at approximately $8,534,313,988.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE AIG traded up $0.47 during trading hours on Monday, reaching $77.71. The stock had a trading volume of 551,168 shares, compared to its average volume of 4,131,426. The stock has a fifty day moving average of $76.11 and a 200 day moving average of $74.51. The stock has a market cap of $51.57 billion, a P/E ratio of 11.53, a price-to-earnings-growth ratio of 2.55 and a beta of 1.08. American International Group, Inc. has a 52-week low of $57.02 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.29 and a current ratio of 0.29.

American International Group (NYSE:AIG) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.66 by $0.11. American International Group had a return on equity of 10.54% and a net margin of 9.98%. The business had revenue of $12.58 billion for the quarter, compared to analyst estimates of $12.04 billion. During the same quarter in the prior year, the firm posted $1.63 EPS. Sell-side analysts predict that American International Group, Inc. will post 6.4 earnings per share for the current year.

American International Group declared that its board has approved a stock buyback plan on Wednesday, May 1st that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the insurance provider to purchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

American International Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.40 per share. This is a positive change from American International Group’s previous quarterly dividend of $0.36. The ex-dividend date was Friday, June 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.06%. American International Group’s dividend payout ratio (DPR) is 23.88%.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of American International Group from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. HSBC downgraded American International Group from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a research note on Wednesday, May 15th. BMO Capital Markets boosted their target price on American International Group from $88.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Citigroup cut their price objective on American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Tuesday, July 9th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, American International Group has a consensus rating of “Hold” and a consensus price target of $82.50.

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.