American International Group, Inc. (NYSE:AIG) Shares Purchased by Colonial Trust Co SC

Colonial Trust Co SC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 150.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 738 shares of the insurance provider’s stock after purchasing an additional 443 shares during the quarter. Colonial Trust Co SC’s holdings in American International Group were worth $54,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of AIG. Duncker Streett & Co. Inc. purchased a new stake in American International Group in the fourth quarter valued at $25,000. Asset Planning Inc purchased a new stake in shares of American International Group in the 4th quarter valued at about $26,000. BankPlus Trust Department acquired a new stake in shares of American International Group in the 4th quarter valued at about $36,000. Whipplewood Advisors LLC purchased a new position in American International Group during the 4th quarter worth approximately $40,000. Finally, Fortitude Family Office LLC lifted its stake in American International Group by 58.3% in the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock valued at $41,000 after buying an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on AIG shares. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $94.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday. BMO Capital Markets raised their price target on American International Group from $75.00 to $83.00 and gave the stock a “market perform” rating in a report on Thursday, March 13th. Evercore ISI increased their price objective on American International Group from $81.00 to $89.00 and gave the stock an “in-line” rating in a research report on Tuesday, April 1st. Barclays upped their price target on American International Group from $92.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Finally, Morgan Stanley lifted their price objective on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Tuesday. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.88.

Insider Buying and Selling at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the sale, the executive vice president now owns 21,400 shares in the company, valued at approximately $1,781,764. This trade represents a 68.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John G. Rice purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares in the company, valued at $770,000. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 0.50% of the stock is owned by insiders.

American International Group Stock Up 0.7 %

AIG opened at $82.39 on Friday. American International Group, Inc. has a one year low of $69.00 and a one year high of $88.07. The company has a market cap of $47.48 billion, a price-to-earnings ratio of -39.61, a PEG ratio of 1.01 and a beta of 0.69. The business’s fifty day moving average is $82.30 and its two-hundred day moving average is $77.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.89 billion. During the same period in the prior year, the company earned $1.25 EPS. Analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.45 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.80 dividend on an annualized basis and a yield of 2.18%. This is a positive change from American International Group’s previous quarterly dividend of $0.40. American International Group’s dividend payout ratio is presently -67.67%.

About American International Group

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.