Concurrent Investment Advisors LLC Buys Shares of 2,794 American International Group, Inc. (NYSE:AIG)

Concurrent Investment Advisors LLC purchased a new position in American International Group, Inc. (NYSE:AIG) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,794 shares of the insurance provider’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in AIG. Christopher J. Hasenberg Inc purchased a new position in American International Group during the third quarter worth about $26,000. Y.D. More Investments Ltd acquired a new stake in shares of American International Group in the second quarter worth approximately $27,000. Fortitude Family Office LLC grew its holdings in American International Group by 199.2% in the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 239 shares during the period. Versant Capital Management Inc increased its position in American International Group by 326.0% during the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 339 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in shares of American International Group by 241.6% in the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

American International Group Trading Down 0.3 %

Shares of NYSE AIG opened at $75.38 on Tuesday. 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 stock’s 50 day moving average price is $75.15 and its two-hundred day moving average price is $75.67. American International Group, Inc. has a 52-week low of $63.35 and a 52-week high of $80.83.

American International Group (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.49%. The firm had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 5.14 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AIG. Piper Sandler cut their target price 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. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, Citigroup reduced their target price on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Eight equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average target price of $84.31.

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.