PGGM Investments Lowers Stock Position in American International Group, Inc. (NYSE:AIG)

PGGM Investments trimmed its position in American International Group, Inc. (NYSE:AIG) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,927 shares of the insurance provider’s stock after selling 509 shares during the period. PGGM Investments’ holdings in American International Group were worth $7,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in American International Group in the 3rd quarter valued at $26,000. Headlands Technologies LLC purchased a new position in American International Group in the 3rd quarter valued at $32,000. CNB Bank purchased a new position in American International Group in the 3rd quarter valued at $42,000. SouthState Corp grew its position in American International Group by 41.7% in the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after buying an additional 217 shares during the last quarter. Finally, Blue Trust Inc. grew its position in American International Group by 41.7% in the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after buying an additional 232 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American International Group

In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John C. Inglis bought 659 shares of American International Group stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by insiders.

American International Group Price Performance

Shares of American International Group stock traded down $0.10 on Friday, hitting $74.53. The company’s stock had a trading volume of 5,027,158 shares, compared to its average volume of 3,428,688. American International Group, Inc. has a 52-week low of $48.95 and a 52-week high of $78.95. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The firm has a fifty day moving average price of $74.70 and a 200-day moving average price of $68.99. The company has a market capitalization of $50.75 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.36 EPS. On average, equities research analysts expect that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.93%. American International Group’s dividend payout ratio (DPR) is 28.86%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AIG shares. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $75.00 to $77.00 in a research report on Tuesday, February 20th. Citigroup raised their target price on American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Evercore ISI raised their target price on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods raised their target price on American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. Finally, BMO Capital Markets reduced their target price on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average target price of $80.38.

American International Group Profile

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.