Czech National Bank Buys 4,710 Shares of American International Group, Inc. (NYSE:AIG)

Czech National Bank increased its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,179 shares of the insurance provider’s stock after purchasing an additional 4,710 shares during the quarter. Czech National Bank’s holdings in American International Group were worth $9,606,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Y.D. More Investments Ltd bought a new position in American International Group in the second quarter valued at approximately $27,000. Fortitude Family Office LLC boosted its stake 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 last quarter. Valued Wealth Advisors LLC boosted its stake in American International Group by 303.3% in the first quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 276 shares during the last quarter. Rise Advisors LLC bought a new position in American International Group in the first quarter valued at approximately $29,000. Finally, Versant Capital Management Inc boosted its stake 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 acquiring an additional 339 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Activity

In related news, major shareholder International Group American sold 8,032,129 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the transaction, the insider now directly owns 284,238,898 shares in the company, valued at $7,077,548,560.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Performance

American International Group stock traded up $3.71 during midday trading on Friday, hitting $76.05. The company’s stock had a trading volume of 4,193,428 shares, compared to its average volume of 4,166,136. American International Group, Inc. has a 1-year low of $58.69 and a 1-year high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The company has a 50-day moving average price of $73.87 and a two-hundred day moving average price of $75.55. The company has a market cap of $50.47 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 3.70 and a beta of 1.06.

American International Group (NYSE:AIG) last issued its quarterly earnings data 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 business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the firm earned $1.75 EPS. American International Group’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, sell-side analysts predict that American International Group, Inc. will post 5.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, September 16th. American International Group’s payout ratio is presently 23.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIG. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Morgan Stanley cut 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. Piper Sandler cut their target price on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on shares of American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company dropped their price objective on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, American International Group presently has a consensus rating of “Hold” and an average target price of $84.27.

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.