American International Group, Inc. (NYSE:AIG) Shares Purchased by Xponance Inc.

Xponance Inc. increased its position in American International Group, Inc. (NYSE:AIG) by 1.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 98,133 shares of the insurance provider’s stock after buying an additional 1,832 shares during the period. Xponance Inc.’s holdings in American International Group were worth $6,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in AIG. Invesco Ltd. increased its holdings in American International Group by 3.0% in the 3rd quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock worth $1,035,384,000 after buying an additional 503,547 shares during the period. Geode Capital Management LLC raised its stake in shares of American International Group by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 13,407,381 shares of the insurance provider’s stock worth $673,990,000 after buying an additional 180,340 shares during the period. FMR LLC lifted its position in shares of American International Group by 5.0% during the 3rd quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock valued at $772,352,000 after buying an additional 604,901 shares in the last quarter. Norges Bank purchased a new position in shares of American International Group during the 4th quarter valued at approximately $736,063,000. Finally, Bank of New York Mellon Corp grew its stake in American International Group by 3.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,131,560 shares of the insurance provider’s stock valued at $674,573,000 after acquiring an additional 408,335 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 1.7 %

Shares of AIG stock opened at $74.23 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group, Inc. has a twelve month low of $48.95 and a twelve month high of $78.95. The company’s 50-day moving average price is $74.21 and its 200-day moving average price is $68.43. The stock has a market cap of $50.55 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.03 and a beta of 1.03.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.20. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. American International Group’s revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $1.36 EPS. As a group, equities analysts predict that American International Group, Inc. will post 7.03 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a yield of 1.94%. American International Group’s dividend payout ratio (DPR) is 28.86%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $75.00 to $77.00 in a research report on Tuesday, February 20th. Morgan Stanley upped their price target on shares of American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Piper Sandler lifted their price objective on American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Finally, Keefe, Bruyette & Woods raised their target price on American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. Nine investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $79.18.

Insiders Place Their Bets

In other news, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the sale, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Inglis acquired 659 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by insiders.

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.