American International Group, Inc. $AIG Stock Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,396,647 shares of the insurance provider’s stock after buying an additional 10,427 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in American International Group were worth $103,938,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AIG. First Bancorp Inc ME bought a new stake in American International Group in the second quarter valued at $30,000. SHP Wealth Management acquired a new position in American International Group during the fourth quarter worth $34,000. Fiduciary Financial Advisors acquired a new position in American International Group during the second quarter worth $34,000. CENTRAL TRUST Co lifted its holdings in shares of American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 151 shares during the period. Finally, Elevation Wealth Partners LLC lifted its holdings in shares of American International Group by 71.6% during the third quarter. Elevation Wealth Partners LLC now owns 556 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 232 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 0.1%

Shares of AIG opened at $81.76 on Thursday. The stock has a fifty day moving average price of $76.35 and a two-hundred day moving average price of $76.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29. The company has a market cap of $42.75 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.86 and a beta of 0.52.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same quarter in the previous year, the firm earned $1.81 earnings per share. Analysts predict that American International Group, Inc. will post 8.07 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 16th. American International Group’s payout ratio is currently 36.56%.

Analyst Ratings Changes

AIG has been the topic of several recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research note on Tuesday, September 29th. Mizuho dropped their target price on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Wells Fargo & Company cut their price target on shares of American International Group from $85.00 to $83.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. 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 report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $87.68.

Insider Transactions at American International Group

In related news, insider Peter Zaffino sold 200,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider owned 592,833 shares in the company, valued at $45,333,939.51. This represents a 25.23% decrease in their position. The sale was disclosed in a filing 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 currently owned by company insiders.

About American International Group

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.