American International Group, Inc. (NYSE:AIG – Get Free Report) Director John Inglis purchased 128 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average cost of $78.41 per share, with a total value of $10,036.48. Following the acquisition, the director owned 2,808 shares of the company’s stock, valued at approximately $220,175.28. The trade was a 4.78% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
American International Group Trading Up 2.3%
American International Group stock traded up $1.82 during trading on Monday, reaching $79.57. 3,318,743 shares of the company were exchanged, compared to its average volume of 4,312,379. The stock’s 50 day simple moving average is $77.46 and its two-hundred day simple moving average is $76.94. The company has a market capitalization of $41.25 billion, a P/E ratio of 12.96, a PEG ratio of 0.82 and a beta of 0.48. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29.
American International Group (NYSE:AIG – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, beating 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 company had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same period in the prior year, the business earned $2.20 EPS. On average, equities research analysts expect that American International Group, Inc. will post 8.10 earnings per share for the current fiscal year.
American International Group Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. American International Group’s payout ratio is presently 32.57%.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of American International Group by 6.9% during the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after acquiring an additional 1,961,270 shares during the last quarter. State Street Corp raised its position in American International Group by 0.8% in the second quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock valued at $1,871,852,000 after purchasing an additional 196,969 shares during the period. Bank of New York Mellon Corp raised its position in American International Group by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock valued at $619,862,000 after purchasing an additional 474,035 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in American International Group during the second quarter worth $464,539,000. Finally, Dimensional Fund Advisors LP lifted its stake in American International Group by 5.2% during the first quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock worth $462,147,000 after purchasing an additional 303,201 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on AIG. Barclays raised their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Cantor Fitzgerald decreased their target price on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Wells Fargo & Company increased their price target on shares of American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday. Royal Bank Of Canada upped their price objective on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research report on Tuesday, September 29th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.84.
Get Our Latest Analysis on American International Group
About American International Group
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.
Featured Stories
- Five stocks we like better than American International Group
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
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.
