American Century Companies Inc. Has $46.04 Million Stock Holdings in American International Group, Inc. (NYSE:AIG)

American Century Companies Inc. raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 13.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 620,190 shares of the insurance provider’s stock after purchasing an additional 72,474 shares during the quarter. American Century Companies Inc. owned 0.09% of American International Group worth $46,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Fortitude Family Office LLC grew its position 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 acquiring an additional 239 shares during the period. Rise Advisors LLC acquired a new stake in shares of American International Group during the 1st quarter worth about $29,000. Valued Wealth Advisors LLC lifted its holdings 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 valued at $29,000 after purchasing an additional 276 shares during the last quarter. Versant Capital Management Inc boosted its position in American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in American International Group by 123.8% during the first quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock worth $35,000 after buying an additional 250 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 1,932,609 shares of American International Group stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the transaction, the insider now directly owns 292,271,027 shares of the company’s stock, valued at $8,534,313,988.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Stock Performance

AIG stock opened at $73.00 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $57.72 and a twelve month high of $80.83. The business’s fifty day moving average is $74.77 and its 200-day moving average is $75.69. The company has a market cap of $48.45 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06.

American International Group (NYSE:AIG) last released its 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 company had revenue of $1.00 million during 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 company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.75 EPS. Equities research analysts forecast that American International Group, Inc. will post 5.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio is currently 23.88%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley reduced their target price on 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. Piper Sandler decreased their target price on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. TD Cowen lowered their target price on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Finally, Bank of America raised their price objective on shares of American International Group from $81.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, American International Group has an average rating of “Hold” and a consensus price target 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.