Daiwa Securities Group Inc. Buys 6,291 Shares of American International Group, Inc. (NYSE:AIG)

Daiwa Securities Group Inc. grew its position in American International Group, Inc. (NYSE:AIG) by 6.6% during the third quarter, HoldingsChannel reports. The firm owned 100,997 shares of the insurance provider’s stock after buying an additional 6,291 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American International Group were worth $7,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in American International Group in the 3rd quarter valued at $26,000. Fortitude Family Office LLC grew its position in shares of American International Group by 199.2% in the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 239 shares during the last quarter. Y.D. More Investments Ltd bought a new position in shares of American International Group in the second quarter worth about $27,000. Versant Capital Management Inc lifted its position in shares of American International Group by 326.0% during 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 last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in American International Group during the 3rd quarter valued at approximately $46,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 0.1 %

Shares of NYSE AIG opened at $75.98 on Tuesday. The stock has a market cap of $47.39 billion, a PE ratio of -22.41, a PEG ratio of 7.54 and a beta of 1.05. The business has a fifty day moving average of $75.56 and a two-hundred day moving average of $75.53. American International Group, Inc. has a 52-week low of $64.54 and a 52-week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period last year, the business earned $1.61 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.11%. American International Group’s dividend payout ratio is -47.20%.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AIG. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a report on Wednesday, October 9th. Jefferies Financial Group raised their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Barclays started coverage on shares of American International Group in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price objective on the stock. Finally, Piper Sandler lowered their price objective on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and a consensus target price of $84.80.

About American International Group

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.