29,463 Shares in American International Group, Inc. $AIG Bought by Vise Technologies Inc.

Vise Technologies Inc. purchased a new position in American International Group, Inc. (NYSE:AIG) in the third quarter, HoldingsChannel.com reports. The firm purchased 29,463 shares of the insurance provider’s stock, valued at approximately $2,193,000.

Several other large investors also recently bought and sold shares of AIG. Bank of New York Mellon Corp purchased a new stake in shares of American International Group during the second quarter valued at approximately $496,890,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of American International Group in the second quarter valued at $464,539,000. Wellington Management Group LLP boosted its stake in shares of American International Group by 6.9% in the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after purchasing an additional 1,961,270 shares during the period. Man Group plc grew its holdings in American International Group by 104.6% during the 2nd quarter. Man Group plc now owns 3,612,368 shares of the insurance provider’s stock valued at $269,230,000 after purchasing an additional 1,847,194 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of American International Group by 131.5% during the second quarter. Bank of Nova Scotia now owns 1,175,453 shares of the insurance provider’s stock valued at $87,607,000 after acquiring an additional 667,791 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AIG shares. Barclays raised their price objective on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Morgan Stanley reduced their target price on American International Group from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods reduced their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. JPMorgan Chase & Co. raised their price target on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Finally, Mizuho dropped their price target on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Eight analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus target price of $87.79.

Insider Activity

In related news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the transaction, the insider directly owned 556,004 shares in the company, valued at $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Key American International Group News

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: AIG’s third-quarter earnings beat estimates by 11.4%, with premium growth and higher investment income helping offset elevated catastrophe losses. The company reported EPS of $2.06 versus the $1.88 consensus. AIG Q3 Earnings Beat Estimates on Strong Premium Growth
• Positive Sentiment: The insurer declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a roughly 2.5% yield at the cited share price, supporting its appeal to income-focused investors.
• Neutral Sentiment: Wells Fargo raised its price target from $83 to $85 but kept an “equal weight” rating, indicating modest upside in its view without a stronger bullish endorsement. Wells Fargo recommendations
• Negative Sentiment: General Insurance underwriting income fell 29% in the quarter, with storms and other catastrophe losses weighing on results. That weakness could offset the earnings beat and raise concerns about underwriting profitability. AIG’s General Insurance Q3 Underwriting Income Down 29%

American International Group Stock Down 1.0%

Shares of American International Group stock opened at $80.86 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $42.28 billion, a P/E ratio of 13.17, a P/E/G ratio of 0.85 and a beta of 0.48. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The business has a 50-day moving average price of $77.44 and a 200 day moving average price of $76.91.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. American International Group had a return on equity of 10.73% and a net margin of 11.86%. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter last year, the business posted $2.20 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 8.10 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group’s dividend payout ratio is currently 32.57%.

American International Group Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.