Dark Forest Capital Management LP Makes New $644,000 Investment in American International Group, Inc. (NYSE:AIG)

Dark Forest Capital Management LP purchased a new position in American International Group, Inc. (NYSE:AIG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,672 shares of the insurance provider’s stock, valued at approximately $644,000.

A number of other institutional investors have also bought and sold shares of AIG. Cetera Investment Advisers grew its holdings in shares of American International Group by 348.6% during the first quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after buying an additional 44,797 shares during the last quarter. Vinva Investment Management Ltd purchased a new stake in shares of American International Group during the 4th quarter valued at approximately $1,699,000. OFI Invest Asset Management grew its stake in American International Group by 2,208.3% in the 2nd quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock valued at $710,000 after buying an additional 9,805 shares in the last quarter. Bessemer Group Inc. raised its holdings in American International Group by 64.3% during the 1st quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider’s stock valued at $2,227,000 after acquiring an additional 11,149 shares during the period. Finally, Coronation Fund Managers Ltd. purchased a new stake in shares of American International Group during the first quarter worth $1,367,000. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AIG shares. Piper Sandler decreased their price target on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Evercore ISI lowered their target price on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, June 27th. Wells Fargo & Company cut their price target on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research report on Tuesday, July 9th. Finally, Barclays initiated coverage on shares of American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $83.88.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 1,932,609 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the completion of the transaction, the insider now directly owns 292,271,027 shares in the company, valued at approximately $8,534,313,988.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 14,964,738 shares of company stock worth $400,732,195 in the last 90 days. 0.61% of the stock is currently owned by insiders.

American International Group Trading Up 0.1 %

Shares of NYSE AIG opened at $73.12 on Friday. The firm’s 50 day moving average price is $74.27 and its 200-day moving average price is $75.66. American International Group, Inc. has a 52-week low of $57.72 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $47.09 billion, a PE ratio of 10.91, a P/E/G ratio of 3.70 and a beta of 1.06.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. On average, equities research analysts expect that American International Group, Inc. will post 5.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.19%. American International Group’s payout ratio is presently 23.88%.

American International Group Profile

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.