American International Group (NYSE:AIG) Director John Inglis Acquires 128 Shares of Company Stock

American International Group, Inc. (NYSE:AIG) Director John Inglis purchased 128 shares of the stock in a transaction dated Monday, November 9th. The stock was purchased at an average price of $78.41 per share, with a total value of $10,036.48. Following the completion of the acquisition, the director directly owned 2,808 shares in the company, valued at approximately $220,175.28. The trade was a 4.78% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

American International Group Stock Performance

AIG stock opened at $79.57 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm has a market cap of $41.61 billion, a P/E ratio of 12.96, a P/E/G ratio of 0.85 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 stock’s 50 day simple moving average is $77.51 and its 200 day simple moving average is $76.98.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.18. The firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.42 billion. American International Group had a return on equity of 10.73% and a net margin of 11.86%. During the same period last year, the business posted $2.20 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 8.10 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group’s dividend payout ratio is 32.57%.

Institutional Investors Weigh In On American International Group

Large investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC increased its holdings in shares of American International Group by 16.3% in the 3rd quarter. Intech Investment Management LLC now owns 217,473 shares of the insurance provider’s stock worth $16,184,000 after acquiring an additional 30,525 shares during the period. IFG Advisory LLC lifted its position in American International Group by 130.6% in the 3rd quarter. IFG Advisory LLC now owns 3,063 shares of the insurance provider’s stock valued at $228,000 after purchasing an additional 1,735 shares during the last quarter. AlTi Global Inc. acquired a new position in American International Group during the 3rd quarter valued at about $41,000. Danske Bank A S boosted its stake in American International Group by 4.6% during the 3rd quarter. Danske Bank A S now owns 361,719 shares of the insurance provider’s stock valued at $26,919,000 after purchasing an additional 15,900 shares during the period. Finally, McKinney Capital Management LLC acquired a new position in American International Group during the 3rd quarter valued at about $1,366,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AIG has been the topic of a number of recent research reports. Bank of America restated a “neutral” rating on shares of American International Group in a research report on Wednesday, November 4th. Argus reaffirmed a “buy” rating and set a $90.00 price objective on shares of American International Group in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Wells Fargo & Company increased their price objective on shares of American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 5th. Finally, Wall Street Zen raised shares of American International Group from a “hold” rating to a “buy” rating in a report on Saturday. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $87.84.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets.

AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.

AIG provides insurance through its subsidiaries and operates across a range of markets worldwide.