American International Group Inc (NYSE:AIG) insider Claudine Macartney sold 2,052 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $59.61, for a total transaction of $122,319.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of American International Group Inc (NYSE:AIG) traded up $0.10 during trading on Friday, hitting $60.07. 5,610,000 shares of the stock were exchanged, compared to its average volume of 7,370,000. The firm has a market cap of $54,000.00, a PE ratio of 120.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. American International Group Inc has a fifty-two week low of $57.85 and a fifty-two week high of $67.30. The company has a quick ratio of 0.26, a current ratio of 0.25 and a debt-to-equity ratio of 0.48.
American International Group (NYSE:AIG) last announced its earnings results on Thursday, February 8th. The insurance provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same quarter last year, the firm earned ($2.96) earnings per share. equities analysts expect that American International Group Inc will post 5.64 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is currently 256.00%.
Several institutional investors have recently added to or reduced their stakes in AIG. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in American International Group by 121.9% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock valued at $959,607,000 after buying an additional 8,586,682 shares in the last quarter. Orbis Allan Gray Ltd lifted its stake in shares of American International Group by 39.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 8,865,081 shares of the insurance provider’s stock valued at $528,182,000 after acquiring an additional 2,510,464 shares during the period. Standard Life Aberdeen plc lifted its stake in shares of American International Group by 73.5% during the fourth quarter. Standard Life Aberdeen plc now owns 5,648,140 shares of the insurance provider’s stock valued at $336,588,000 after acquiring an additional 2,393,028 shares during the period. Boston Partners lifted its stake in shares of American International Group by 15.2% during the fourth quarter. Boston Partners now owns 9,024,337 shares of the insurance provider’s stock valued at $537,670,000 after acquiring an additional 1,188,645 shares during the period. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of American International Group during the fourth quarter valued at $64,655,000. Institutional investors own 86.74% of the company’s stock.
A number of brokerages recently weighed in on AIG. Zacks Investment Research cut shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective for the company. in a report on Friday, November 3rd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $74.00 price objective on shares of American International Group in a report on Wednesday, December 6th. Credit Suisse Group set a $73.00 price target on shares of American International Group and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, 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, February 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $66.91.
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About American International Group
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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