American International Group, Inc. (NYSE:AIG) Position Raised by Calamos Advisors LLC

Calamos Advisors LLC raised its position in shares of American International Group, Inc. (NYSE:AIG) by 0.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 352,775 shares of the insurance provider’s stock after purchasing an additional 953 shares during the quarter. Calamos Advisors LLC owned about 0.05% of American International Group worth $26,190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in American International Group in the fourth quarter worth approximately $26,590,000. Signaturefd LLC grew its holdings in shares of American International Group by 4.8% in the 4th quarter. Signaturefd LLC now owns 5,704 shares of the insurance provider’s stock worth $386,000 after acquiring an additional 262 shares during the last quarter. CWM LLC raised its position in shares of American International Group by 2.4% during the fourth quarter. CWM LLC now owns 11,000 shares of the insurance provider’s stock worth $745,000 after purchasing an additional 260 shares during the period. Duality Advisers LP purchased a new position in American International Group in the 4th quarter worth about $207,000. Finally, RWA Wealth Partners LLC increased its stake in American International Group by 8.6% in the 4th quarter. RWA Wealth Partners LLC now owns 3,791 shares of the insurance provider’s stock worth $257,000 after purchasing an additional 300 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Stock Up 0.7 %

Shares of American International Group stock traded up $0.56 during trading on Friday, hitting $75.32. 2,387,656 shares of the stock traded hands, compared to its average volume of 4,176,896. The stock has a market cap of $49.99 billion, a P/E ratio of 11.24, a PEG ratio of 2.48 and a beta of 1.07. 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, Inc. has a twelve month low of $57.39 and a twelve month high of $80.83. The company has a fifty day moving average price of $74.88 and a two-hundred day moving average price of $75.23.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.37%. The firm had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter in the prior year, the firm earned $1.75 earnings per share. The firm’s quarterly revenue was up .0% compared to the same quarter last year. Equities research analysts predict that American International Group, Inc. will post 6.4 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Monday, September 16th. American International Group’s payout ratio is 23.88%.

American International Group declared that its Board of Directors has approved a stock buyback program on Wednesday, May 1st that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AIG shares. JPMorgan Chase & Co. lifted their price target on American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. TD Cowen dropped their price target on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets lifted their price target on American International Group from $88.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods dropped their price target on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Evercore ISI decreased their price objective on American International Group from $81.00 to $78.00 and set an “in-line” rating for the company in a research report on Thursday, June 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $83.47.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 1,932,609 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total value of $56,432,182.80. Following the transaction, the insider now directly owns 292,271,027 shares of the company’s stock, valued at approximately $8,534,313,988.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 39,964,738 shares of company stock valued at $1,132,432,195. Corporate insiders own 0.61% of the company’s stock.

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.