Public Sector Pension Investment Board Has $8.35 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Public Sector Pension Investment Board grew its stake in American International Group, Inc. (NYSE:AIG) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,516 shares of the insurance provider’s stock after buying an additional 1,992 shares during the quarter. Public Sector Pension Investment Board’s holdings in American International Group were worth $8,353,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital Research Global Investors raised its position in American International Group by 0.4% in the 4th quarter. Capital Research Global Investors now owns 41,770,175 shares of the insurance provider’s stock valued at $2,829,930,000 after buying an additional 176,286 shares during the last quarter. Putnam Investments LLC grew its stake in shares of American International Group by 3.8% during the 4th quarter. Putnam Investments LLC now owns 8,245,693 shares of the insurance provider’s stock worth $558,646,000 after acquiring an additional 300,712 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American International Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock valued at $477,802,000 after purchasing an additional 269,188 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of American International Group by 0.6% in the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock worth $425,273,000 after purchasing an additional 31,340 shares in the last quarter. Finally, Third Point LLC boosted its holdings in American International Group by 16.9% during the fourth quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock worth $233,738,000 after purchasing an additional 500,000 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several recent research reports. Piper Sandler lowered their price target on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Evercore ISI dropped their target price on American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, June 27th. Wells Fargo & Company reduced their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Morgan Stanley dropped their price objective on American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Finally, Citigroup decreased their target price on shares of American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, American International Group presently has an average rating of “Hold” and an average target price of $83.88.

American International Group Stock Performance

NYSE:AIG opened at $73.42 on Wednesday. The stock has a 50 day simple moving average of $74.38 and a 200 day simple moving average of $75.68. The stock has a market cap of $48.73 billion, a P/E ratio of 10.96, a PEG ratio of 3.60 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.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) 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 business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. During the same period in the previous year, the firm posted $1.75 EPS. The company’s revenue was up .0% compared to the same quarter last year. Research analysts anticipate that American International Group, Inc. will post 5.24 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 23.88%.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of American International Group stock in a transaction on 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 completion of 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 Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 14,964,738 shares of company stock valued at $400,732,195 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

American International Group Company 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.