Dark Forest Capital Management LP Purchases Shares of 8,672 American International Group, Inc. (NYSE:AIG)

Dark Forest Capital Management LP bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 8,672 shares of the insurance provider’s stock, valued at approximately $644,000.

Several other hedge funds have also recently bought and sold shares of AIG. Deerfield Management Company L.P. Series C acquired a new stake in shares of American International Group in the second quarter valued at about $413,000. APG Asset Management N.V. lifted its position in shares of American International Group by 13.3% during the second quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider’s stock worth $152,411,000 after purchasing an additional 258,700 shares in the last quarter. Caxton Associates LP purchased a new position in shares of American International Group in the second quarter valued at $2,225,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in American International Group by 53.5% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 129,101 shares of the insurance provider’s stock valued at $9,584,000 after purchasing an additional 45,018 shares in the last quarter. Finally, Marshall Wace LLP increased its stake in American International Group by 2,493.5% during the 2nd quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider’s stock worth $25,935,000 after buying an additional 335,871 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 8,032,129 shares of the firm’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 transaction, the insider now owns 284,238,898 shares in the company, valued at $7,077,548,560.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders sold 14,964,738 shares of company stock valued at $400,732,195. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $73.12 on Friday. American International Group, Inc. has a 12-month low of $57.72 and a 12-month 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 firm has a market capitalization of $47.09 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 3.70 and a beta of 1.06. The business has a 50 day simple moving average of $74.27 and a 200 day simple moving average of $75.66.

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

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.19%. American International Group’s dividend payout ratio (DPR) is 23.88%.

Analyst Ratings Changes

AIG has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on American International Group from $80.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. StockNews.com downgraded American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Bank of America upped their target price on American International Group from $81.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Keefe, Bruyette & Woods dropped their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $83.88.

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.