2,926 Shares in American International Group, Inc. (NYSE:AIG) Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the third quarter, HoldingsChannel reports. The firm acquired 2,926 shares of the insurance provider’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Cetera Investment Advisers increased its position in American International Group by 348.6% in the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after acquiring an additional 44,797 shares during the period. OFI Invest Asset Management raised its stake in shares of American International Group by 2,208.3% during the second quarter. OFI Invest Asset Management now owns 10,249 shares of the insurance provider’s stock worth $710,000 after purchasing an additional 9,805 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of American International Group by 64.3% during the first quarter. Bessemer Group Inc. now owns 28,498 shares of the insurance provider’s stock worth $2,227,000 after purchasing an additional 11,149 shares during the period. Coronation Fund Managers Ltd. purchased a new position in American International Group in the 1st quarter valued at $1,367,000. Finally, Illinois Municipal Retirement Fund increased its stake in American International Group by 19.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 156,150 shares of the insurance provider’s stock valued at $12,206,000 after buying an additional 24,906 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Down 1.2 %

AIG stock opened at $75.88 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 12 month low of $60.82 and a 12 month high of $80.83. The firm has a market capitalization of $48.86 billion, a PE ratio of -58.82, a P/E/G ratio of 3.88 and a beta of 1.06. The company’s 50 day simple moving average is $75.08 and its 200-day simple moving average is $75.56.

American International Group (NYSE:AIG) last released 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 company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. During the same period in the previous year, the business posted $1.75 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis. Equities analysts expect that American International Group, Inc. will post 5.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AIG shares. Morgan Stanley lowered their target price on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Tuesday, July 9th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. StockNews.com downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $84.38.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.