Claudine Macartney Sells 2,052 Shares of American International Group Inc (AIG) Stock

American International Group Inc (NYSE:AIG) insider Claudine Macartney sold 2,052 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $59.61, for a total transaction of $122,319.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of American International Group Inc (AIG) traded up $0.24 during midday trading on Friday, hitting $59.47. 6,828,620 shares of the stock were exchanged, compared to its average volume of 6,770,000. The firm has a market cap of $53,680.00, a P/E ratio of -23.88, a P/E/G ratio of 0.96 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.26 and a quick ratio of 0.26. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.30.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.02% and a negative net margin of 5.07%. During the same quarter last year, the company posted ($2.96) EPS. equities research analysts forecast that American International Group Inc will post 5.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. American International Group’s dividend payout ratio is currently -51.41%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connable Office Inc. acquired a new stake in American International Group in the 3rd quarter valued at approximately $1,563,000. State of Alaska Department of Revenue increased its holdings in American International Group by 334.7% in the 4th quarter. State of Alaska Department of Revenue now owns 97,947 shares of the insurance provider’s stock valued at $5,834,000 after purchasing an additional 75,415 shares during the last quarter. Synovus Financial Corp increased its holdings in American International Group by 1.9% in the 3rd quarter. Synovus Financial Corp now owns 93,385 shares of the insurance provider’s stock valued at $5,715,000 after purchasing an additional 1,727 shares during the last quarter. Patriot Wealth Management Inc. increased its holdings in American International Group by 1.4% in the 4th quarter. Patriot Wealth Management Inc. now owns 142,495 shares of the insurance provider’s stock valued at $8,490,000 after purchasing an additional 1,989 shares during the last quarter. Finally, Torray LLC increased its holdings in American International Group by 26.0% in the 3rd quarter. Torray LLC now owns 190,836 shares of the insurance provider’s stock valued at $11,715,000 after purchasing an additional 39,368 shares during the last quarter. Institutional investors and hedge funds own 85.61% of the company’s stock.

AIG has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $74.00 target price on shares of American International Group in a research note on Wednesday, December 6th. Wells Fargo & Co reissued a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Bank of America raised shares of American International Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $59.40 to $58.28 in a research note on Friday, February 9th. Credit Suisse Group set a $73.00 target price on shares of American International Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Zacks Investment Research raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.91.

WARNING: This article was first published by BBNS and is the property of of BBNS. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at https://baseballnewssource.com/markets/claudine-macartney-sells-2052-shares-of-american-international-group-inc-aig-stock/1888642.html.

American International Group Company Profile

American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.

Receive News & Ratings for American International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American International Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August
Mookie Betts Awarded Arbitration of $10.5 Million
Mookie Betts Awarded Arbitration of $10.5 Million


Leave a Reply

 
© 2006-2018 BBNS.