American International Group, Inc. $AIG Shares Acquired by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 387.4% in the third quarter, HoldingsChannel.com reports. The firm owned 58,675 shares of the insurance provider’s stock after acquiring an additional 46,637 shares during the quarter. CenterBook Partners LP’s holdings in American International Group were worth $4,367,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AIG. Canvas Wealth Advisors LLC purchased a new stake in American International Group in the 3rd quarter valued at about $238,000. Heritage Family Offices LLP purchased a new position in American International Group during the third quarter worth about $51,000. Allegiance Financial Group Advisory Services LLC purchased a new position in American International Group during the third quarter worth about $201,000. Alta Advisers Ltd purchased a new position in American International Group during the third quarter worth about $278,000. Finally, Kestra Advisory Services LLC boosted its stake in American International Group by 11.2% during the third quarter. Kestra Advisory Services LLC now owns 72,325 shares of the insurance provider’s stock worth $5,382,000 after buying an additional 7,286 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

AIG stock opened at $77.77 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.61 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $40.32 billion, a PE ratio of 12.67, a P/E/G ratio of 0.82 and a beta of 0.48. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29. The business’s fifty day moving average price is $77.46 and its 200 day moving average price is $76.94.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.18. American International Group had a return on equity of 10.86% and a net margin of 11.86%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter in the prior year, the company earned $2.20 EPS. On average, sell-side analysts anticipate that American International Group, Inc. will post 8.10 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. American International Group’s dividend payout ratio is 32.57%.

Analyst Ratings Changes

AIG has been the subject of a number of recent analyst reports. UBS Group lifted their price target on shares of American International Group from $98.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a report on Tuesday, September 29th. Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Wells Fargo & Company increased their price objective on shares of American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Royal Bank Of Canada lifted their target price on shares of American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.79.

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the sale, the insider directly owned 556,004 shares in the company, valued at $42,334,144.56. This represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets.

AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.

AIG provides insurance through its subsidiaries and operates across a range of markets worldwide.