Brooklyn Investment Group Acquires 573 Shares of American International Group, Inc. (NYSE:AIG)

Brooklyn Investment Group increased its holdings in American International Group, Inc. (NYSE:AIG) by 12.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,128 shares of the insurance provider’s stock after acquiring an additional 573 shares during the period. Brooklyn Investment Group’s holdings in American International Group were worth $376,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the third quarter valued at approximately $26,000. Fortitude Family Office LLC grew its holdings in shares of American International Group by 199.2% in the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 239 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of American International Group in the second quarter valued at approximately $27,000. Versant Capital Management Inc grew its holdings in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in American International Group in the third quarter valued at approximately $46,000. 90.60% of the stock is owned by institutional investors.

American International Group Trading Up 0.4 %

American International Group stock opened at $76.28 on Wednesday. The stock has a market cap of $47.58 billion, a P/E ratio of -22.50, a PEG ratio of 7.54 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $64.54 and a fifty-two week high of $80.83. The firm’s fifty day moving average price is $75.61 and its 200-day moving average price is $75.50. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the prior year, the firm earned $1.61 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. American International Group’s dividend payout ratio is presently -47.20%.

Wall Street Analysts Forecast Growth

AIG has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their price objective on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Piper Sandler dropped their price objective on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Jefferies Financial Group increased their target price on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Evercore ISI dropped their target price on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and a consensus price target of $84.80.

Insider Activity at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Company 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.