Varma Mutual Pension Insurance Co Acquires 25,400 Shares of American International Group, Inc. $AIG

Varma Mutual Pension Insurance Co lifted its holdings in American International Group, Inc. (NYSE:AIGFree Report) by 21.9% in the 3rd quarter, Holdings Channel reports. The firm owned 141,330 shares of the insurance provider’s stock after buying an additional 25,400 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in American International Group were worth $11,100,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC acquired a new position in shares of American International Group during the 4th quarter valued at about $1,091,000. Sivia Capital Partners LLC boosted its position in American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 1,185 shares during the period. Concurrent Investment Advisors LLC grew its holdings in American International Group by 150.4% during the second quarter. Concurrent Investment Advisors LLC now owns 10,154 shares of the insurance provider’s stock valued at $869,000 after purchasing an additional 6,099 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of American International Group by 5.3% in the second quarter. Axxcess Wealth Management LLC now owns 9,588 shares of the insurance provider’s stock worth $821,000 after buying an additional 480 shares during the last quarter. Finally, Generali Asset Management SPA SGR boosted its holdings in shares of American International Group by 329.3% during the 2nd quarter. Generali Asset Management SPA SGR now owns 29,826 shares of the insurance provider’s stock worth $2,553,000 after buying an additional 22,878 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of NYSE:AIG opened at $78.26 on Friday. The firm has a market capitalization of $42.23 billion, a PE ratio of 14.44, a PEG ratio of 0.59 and a beta of 0.61. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07. The business’s 50 day moving average is $78.89 and its 200-day moving average is $78.83.

American International Group (NYSE:AIGGet Free Report) last issued its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. American International Group had a return on equity of 9.78% and a net margin of 11.56%.During the same period last year, the business earned $1.30 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s payout ratio is presently 33.21%.

Trending Headlines about American International Group

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Analyst Upgrades and Downgrades

AIG has been the topic of several recent analyst reports. Piper Sandler dropped their target price on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday. TD Cowen boosted their price objective on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Evercore decreased their target price on American International Group from $90.00 to $85.00 in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 29th. Finally, Jefferies Financial Group increased their price objective on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, American International Group currently has an average rating of “Hold” and a consensus price target of $87.32.

Read Our Latest Stock Report on AIG

About American International Group

(Free Report)

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

See Also

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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