American International Group, Inc. (NYSE:AIG) Shares Purchased by Auxier Asset Management

Auxier Asset Management boosted its position in American International Group, Inc. (NYSE:AIG) by 1.8% during the second quarter, Holdings Channel.com reports. The institutional investor owned 106,174 shares of the insurance provider’s stock after purchasing an additional 1,850 shares during the period. American International Group accounts for approximately 1.2% of Auxier Asset Management’s portfolio, making the stock its 24th biggest position. Auxier Asset Management’s holdings in American International Group were worth $7,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. increased its stake in shares of American International Group by 3.9% in the second quarter. Pacer Advisors Inc. now owns 48,520 shares of the insurance provider’s stock worth $3,602,000 after acquiring an additional 1,838 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in American International Group by 14.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider’s stock worth $215,000 after purchasing an additional 376 shares during the period. Ieq Capital LLC raised its stake in shares of American International Group by 10.1% during the 2nd quarter. Ieq Capital LLC now owns 27,370 shares of the insurance provider’s stock valued at $2,032,000 after buying an additional 2,515 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of American International Group by 7.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 87,204 shares of the insurance provider’s stock valued at $6,424,000 after buying an additional 6,241 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of American International Group by 9.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,184 shares of the insurance provider’s stock worth $830,000 after buying an additional 954 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 1,932,609 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total value of $56,432,182.80. Following the transaction, the insider now directly owns 292,271,027 shares of the company’s stock, valued at approximately $8,534,313,988.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 14,964,738 shares of company stock valued at $400,732,195. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Performance

Shares of NYSE:AIG opened at $73.76 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1 year low of $57.72 and a 1 year high of $80.83. The firm has a market capitalization of $48.95 billion, a PE ratio of 11.01, a P/E/G ratio of 3.60 and a beta of 1.06. The business’s 50 day moving average price is $74.55 and its 200-day moving average price is $75.67.

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

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.17%. American International Group’s dividend payout ratio is presently 23.88%.

Wall Street Analysts Forecast Growth

AIG has been the subject of several recent research reports. Citigroup reduced their price target on American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Barclays began coverage on shares of American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target on the stock. StockNews.com downgraded shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their target price on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. Finally, Piper Sandler cut their price target on American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $83.88.

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.