29,170 Shares in American International Group, Inc. (NYSE:AIG) Acquired by Mount Lucas Management LP

Mount Lucas Management LP bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,170 shares of the insurance provider’s stock, valued at approximately $2,166,000.

A number of other large investors have also recently added to or reduced their stakes in AIG. Fortitude Family Office LLC boosted its holdings in American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after buying an additional 239 shares in the last quarter. Rise Advisors LLC bought a new stake in American International Group during the first quarter worth approximately $29,000. Valued Wealth Advisors LLC boosted its stake in American International Group by 303.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 276 shares during the period. Versant Capital Management Inc boosted its stake in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 339 shares during the period. Finally, CENTRAL TRUST Co boosted its stake in American International Group by 123.8% in the 1st quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 250 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

AIG traded down $1.93 during midday trading on Friday, reaching $71.91. The company’s stock had a trading volume of 7,205,390 shares, compared to its average volume of 4,151,511. The stock has a market cap of $47.72 billion, a P/E ratio of 10.73, a PEG ratio of 3.84 and a beta of 1.06. The company has a fifty day simple moving average of $75.02 and a 200 day simple moving average of $75.60. 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, Inc. has a twelve month low of $57.72 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last announced 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 firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter in the prior year, the business posted $1.75 EPS. American International Group’s revenue was up .0% compared to the same quarter last year. Research analysts expect that American International Group, Inc. will post 5.24 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.40 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.23%. American International Group’s dividend payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AIG. Piper Sandler dropped their target price on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Evercore ISI lowered their price objective on American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, June 27th. Royal Bank of Canada reissued an “outperform” rating and set a $87.00 price objective on shares of American International Group in a report on Tuesday, July 9th. BMO Capital Markets increased their price objective on American International Group from $88.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, May 13th. Finally, HSBC lowered American International Group from a “buy” rating to a “hold” rating and set a $86.00 price objective on the stock. in a report on Wednesday, May 15th. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $83.88.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 1,932,609 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total value of $56,432,182.80. Following the completion of the sale, the insider now owns 292,271,027 shares in the company, valued at approximately $8,534,313,988.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

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.