Investors sold shares of American International Group Inc (NYSE:AIG) on strength during trading on Wednesday. $53.29 million flowed into the stock on the tick-up and $97.75 million flowed out of the stock on the tick-down, for a money net flow of $44.46 million out of the stock. Of all equities tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $0.14 for the day and closed at $60.18
A number of brokerages recently commented on AIG. Barclays reiterated an “overweight” rating and issued a $71.00 price target (up previously from $68.00) on shares of American International Group in a research note on Tuesday. Bank of America upgraded shares of American International Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $59.40 to $58.28 in a research report on Friday, February 9th. Credit Suisse Group set a $73.00 target price on shares of American International Group and gave the stock a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Wells Fargo & Co restated a “buy” rating on shares of American International Group in a research report on Tuesday, January 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $66.91.
The company has a quick ratio of 0.26, a current ratio of 0.25 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $54,020.00, a price-to-earnings ratio of 120.18, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17.
American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a positive return on equity of 3.10% and a negative net margin of 12.62%. During the same quarter in the prior year, the company posted ($2.96) EPS. sell-side analysts predict that American International Group Inc will post 5.64 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is presently 256.00%.
In other news, insider Claudine Macartney sold 2,052 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $59.61, for a total transaction of $122,319.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.52% of the company’s stock.
Several institutional investors have recently modified their holdings of AIG. Northpointe Capital LLC bought a new stake in shares of American International Group during the 3rd quarter worth approximately $3,797,000. First Trust Advisors LP lifted its holdings in shares of American International Group by 70.5% during the 3rd quarter. First Trust Advisors LP now owns 222,983 shares of the insurance provider’s stock worth $13,689,000 after acquiring an additional 92,200 shares during the period. Saratoga Research & Investment Management bought a new stake in shares of American International Group during the 3rd quarter worth approximately $294,000. State of New Jersey Common Pension Fund D lifted its stake in American International Group by 12.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 1,392,000 shares of the insurance provider’s stock valued at $85,455,000 after purchasing an additional 150,000 shares during the last quarter. Finally, Supplemental Annuity Collective Trust of NJ lifted its stake in American International Group by 33.3% in the 3rd quarter. Supplemental Annuity Collective Trust of NJ now owns 20,000 shares of the insurance provider’s stock valued at $1,228,000 after purchasing an additional 5,000 shares during the last quarter. 86.74% of the stock is owned by institutional investors.
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American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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