6,642 Shares of American International Group, Inc. $AIG Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 6,642 shares of the insurance provider’s stock, valued at approximately $494,000.

A number of other large investors have also bought and sold shares of AIG. Soltis Investment Advisors LLC boosted its holdings in shares of American International Group by 100.8% in the third quarter. Soltis Investment Advisors LLC now owns 9,555 shares of the insurance provider’s stock valued at $711,000 after buying an additional 4,797 shares during the period. United Asset Strategies Inc. raised its holdings in shares of American International Group by 3.5% during the third quarter. United Asset Strategies Inc. now owns 142,540 shares of the insurance provider’s stock worth $10,608,000 after acquiring an additional 4,876 shares during the period. Interchange Capital Partners LLC raised its holdings in shares of American International Group by 14.1% during the third quarter. Interchange Capital Partners LLC now owns 3,730 shares of the insurance provider’s stock worth $277,000 after acquiring an additional 461 shares during the period. TOWER TRUST & INVESTMENT Co acquired a new stake in shares of American International Group during the third quarter worth $676,000. Finally, North Dakota State Investment Board lifted its position in American International Group by 32.1% in the 3rd quarter. North Dakota State Investment Board now owns 21,181 shares of the insurance provider’s stock valued at $1,576,000 after acquiring an additional 5,141 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays upped their target price on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Mizuho dropped their price target on American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. HSBC reduced their price objective on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, July 6th. UBS Group upped their price objective on American International Group from $98.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, October 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and an average target price of $87.68.

American International Group Stock Performance

Shares of AIG opened at $81.90 on Monday. The stock has a market capitalization of $42.82 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.86 and a beta of 0.48. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The firm has a fifty day simple moving average of $77.07 and a 200 day simple moving average of $76.75. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. The firm had revenue of $7.08 billion for 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 previous year, the business earned $1.81 EPS. Research analysts forecast that American International Group, Inc. will post 8.07 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 36.56%.

Insiders Place Their Bets

In other American International Group news, insider Peter Zaffino sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider owned 592,833 shares of the company’s stock, valued at $45,333,939.51. The trade was a 25.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.