American International Group, Inc. (NYSE:AIG) Shares Bought by Ascent Group LLC

Ascent Group LLC grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 4.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 8,401 shares of the insurance provider’s stock after acquiring an additional 377 shares during the quarter. Ascent Group LLC’s holdings in American International Group were worth $624,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its position in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 239 shares during the period. Y.D. More Investments Ltd acquired a new position in American International Group during the 2nd quarter worth $27,000. Rise Advisors LLC acquired a new position in American International Group during the 1st quarter worth $29,000. Valued Wealth Advisors LLC boosted its position in American International Group by 303.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 276 shares during the period. Finally, Versant Capital Management Inc boosted its position in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Down 0.1 %

NYSE:AIG opened at $73.23 on Tuesday. The firm has a market capitalization of $48.60 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 3.70 and a beta of 1.06. American International Group, Inc. has a 1-year low of $57.72 and a 1-year high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $74.10 and its 200 day moving average price is $75.61.

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). The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.75 earnings per share. On average, sell-side analysts forecast that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s payout ratio is currently 23.88%.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the transaction, the insider now directly owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. StockNews.com lowered American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. TD Cowen cut their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Barclays assumed coverage on American International Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price objective for the company. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Tuesday, July 9th. Finally, Evercore ISI cut their price objective on American International Group from $81.00 to $78.00 and set an “in-line” rating for the company in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $83.88.

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.