Diversify Advisory Services LLC Buys Shares of 10,057 American International Group, Inc. $AIG

Diversify Advisory Services LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,057 shares of the insurance provider’s stock, valued at approximately $796,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Modus Advisors LLC acquired a new position in American International Group during the 4th quarter valued at approximately $27,000. Navalign LLC acquired a new stake in American International Group in the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. acquired a new stake in American International Group in the fourth quarter worth $29,000. SHP Wealth Management bought a new stake in American International Group in the fourth quarter valued at $34,000. Finally, CENTRAL TRUST Co lifted its stake in American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock valued at $35,000 after buying an additional 151 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AIG. BMO Capital Markets upped their price target on shares of American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Wells Fargo & Company cut their price objective on shares of American International Group from $89.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, August 10th. Cantor Fitzgerald reduced their target price on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday. Morgan Stanley decreased their target price on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 12th. Finally, UBS Group raised their price target on shares of American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus target price of $88.28.

Insider Buying and Selling at American International Group

In other news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the completion of the sale, the insider directly owned 556,004 shares of the company’s stock, valued at $42,334,144.56. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by corporate insiders.

American International Group Stock Down 0.1%

NYSE AIG opened at $75.59 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The company’s 50 day simple moving average is $77.68 and its 200 day simple moving average is $76.97. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a market capitalization of $39.53 billion, a P/E ratio of 13.82, a PEG ratio of 0.69 and a beta of 0.53.

American International Group (NYSE:AIG) last released its earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period in the prior year, the business earned $1.81 earnings per share. Equities research analysts expect that American International Group, Inc. will post 8.01 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group’s dividend payout ratio is 36.56%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.