69,416 Shares in American International Group, Inc. $AIG Purchased by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in American International Group, Inc. (NYSE:AIG) during the second quarter, Holdings Channel.com reports. The firm acquired 69,416 shares of the insurance provider’s stock, valued at approximately $5,174,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in American International Group in the fourth quarter valued at $636,782,000. Bank of New York Mellon Corp purchased a new position in American International Group during the second quarter valued at approximately $496,890,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in American International Group in the second quarter valued at approximately $464,539,000. Price T Rowe Associates Inc. MD boosted its position in American International Group by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock worth $1,400,613,000 after purchasing an additional 4,661,246 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in American International Group by 36.9% in the 4th quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after purchasing an additional 4,210,363 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. lifted their target price on shares of American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Cantor Fitzgerald dropped their price target on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Citigroup lifted their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, May 4th. HSBC decreased their price objective on shares of American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, BMO Capital Markets raised their target price on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $88.28.

American International Group Price Performance

NYSE:AIG opened at $76.38 on Tuesday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The stock has a 50 day moving average of $77.92 and a two-hundred day moving average of $77.04. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $39.94 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.70 and a beta of 0.52.

American International Group (NYSE:AIG) last released its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%.The business had revenue of $7.08 billion for the quarter, compared to the consensus estimate of $7.25 billion. During the same quarter last year, the business posted $1.81 earnings per share. On average, analysts expect that American International Group, Inc. will post 8.02 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s dividend payout ratio is presently 36.56%.

Insider Activity at American International Group

In other news, insider Peter Zaffino sold 36,829 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total value of $2,804,160.06. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at this link. 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 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.