American International Group, Inc. (NYSE:AIG) Shares Bought by NBC Securities Inc.

NBC Securities Inc. lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 241.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 673 shares of the insurance provider’s stock after purchasing an additional 476 shares during the quarter. NBC Securities Inc.’s holdings in American International Group were worth $49,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC grew its holdings in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 239 shares in the last quarter. Y.D. More Investments Ltd purchased a new stake in shares of American International Group in the 2nd quarter valued at approximately $27,000. Valued Wealth Advisors LLC raised 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 buying an additional 276 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares in 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 5,000,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AIG has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a research note on Tuesday, July 9th. TD Cowen cut their price target on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Morgan Stanley reduced their price target on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, Piper Sandler decreased their target price on shares of 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average price target of $84.38.

American International Group Stock Performance

Shares of AIG stock opened at $78.55 on Monday. The stock has a 50 day simple moving average of $74.43 and a 200-day simple moving average of $75.48. American International Group, Inc. has a 12-month low of $58.69 and a 12-month high of $80.83. The company has a market cap of $52.13 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06. 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 released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the firm posted $1.75 EPS. The firm’s quarterly revenue was up .0% on a year-over-year basis. On average, equities analysts forecast that American International Group, Inc. will post 5.09 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s dividend payout ratio is currently 23.88%.

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.