Rock Point Advisors LLC Has $8.49 Million Position in American International Group, Inc. (NYSE:AIG)

Rock Point Advisors LLC raised its position in shares of American International Group, Inc. (NYSE:AIG) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 115,977 shares of the insurance provider’s stock after acquiring an additional 250 shares during the period. American International Group accounts for 2.3% of Rock Point Advisors LLC’s investment portfolio, making the stock its 14th biggest position. Rock Point Advisors LLC’s holdings in American International Group were worth $8,493,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Forum Financial Management LP grew its holdings in shares of American International Group by 1.1% during the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after acquiring an additional 128 shares in the last quarter. Quent Capital LLC raised its position in shares of American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after buying an additional 146 shares during the last quarter. EagleClaw Capital Managment LLC raised its position in shares of American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after buying an additional 150 shares during the last quarter. Independent Advisor Alliance raised its position in American International Group by 1.6% in the third quarter. Independent Advisor Alliance now owns 10,393 shares of the insurance provider’s stock worth $761,000 after purchasing an additional 161 shares in the last quarter. Finally, Graypoint LLC raised its position in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after purchasing an additional 167 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

AIG stock traded down $0.12 during trading on Tuesday, reaching $75.83. 108,018 shares of the company were exchanged, compared to its average volume of 4,106,197. The company has a 50-day moving average of $75.56 and a two-hundred day moving average of $75.53. The company has a market capitalization of $47.30 billion, a price-to-earnings ratio of -22.41, a P/E/G ratio of 7.54 and a beta of 1.05. American International Group, Inc. has a twelve month low of $64.54 and a twelve month high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the company earned $1.61 EPS. As a group, equities analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio is currently -47.20%.

Insider Activity

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several analyst reports. UBS Group increased their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. TD Cowen dropped their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Piper Sandler lowered their price target on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Bank of America lifted their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Eight 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 MarketBeat, American International Group currently has a consensus rating of “Moderate Buy” and an average price target of $84.80.

American International Group Company 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.