10,507 Shares of American International Group, Inc. $AIG Bought by Citizens & Northern Corp

Citizens & Northern Corp bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the third quarter, HoldingsChannel reports. The firm bought 10,507 shares of the insurance provider’s stock, valued at approximately $782,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its position in shares of American International Group by 6.9% in the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after purchasing an additional 1,961,270 shares during the last quarter. State Street Corp increased its stake in shares of American International Group by 0.8% during the 2nd quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock worth $1,871,852,000 after purchasing an additional 196,969 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of American International Group by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock worth $619,862,000 after purchasing an additional 474,035 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of American International Group during the 2nd quarter worth approximately $464,539,000. Finally, Dimensional Fund Advisors LP raised its position in shares of American International Group by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock worth $462,147,000 after purchasing an additional 303,201 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 0.4%

AIG opened at $82.55 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The business has a 50-day moving average of $77.90 and a two-hundred day moving average of $77.13. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $42.80 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.18. American International Group had a net margin of 11.86% and a return on equity of 10.86%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same period in the prior year, the firm posted $2.20 EPS. On average, research analysts expect that American International Group, Inc. will post 8.13 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 16th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.00 annualized dividend and a yield of 2.4%. American International Group’s dividend payout ratio is 32.57%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AIG. Cantor Fitzgerald reduced their target price on American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Barclays raised their price target on American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Piper Sandler upped their price objective on American International Group from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Wall Street Zen upgraded American International Group from a “hold” rating to a “buy” rating in a research report on Saturday, November 7th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, American International Group presently has an average rating of “Hold” and an average target price of $88.00.

About American International Group

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.