American International Group (NYSE:AIG) Insider Peter Zaffino Sells 200,000 Shares

American International Group, Inc. (NYSE:AIG) insider Peter Zaffino sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total value of $15,294,000.00. Following the completion of the sale, the insider directly owned 592,833 shares in the company, valued at approximately $45,333,939.51. The trade was a 25.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Zaffino also recently made the following trade(s):

• On Thursday, August 13th, Peter Zaffino sold 36,829 shares of American International Group stock. The shares were sold at an average price of $76.14, for a total value of $2,804,160.06.

American International Group Stock Down 0.1%

Shares of NYSE AIG opened at $76.05 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The firm has a market capitalization of $39.77 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 0.70 and a beta of 0.53. The business has a 50-day moving average of $77.55 and a 200-day moving average of $76.90.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.03%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter last year, the company posted $1.81 EPS. Sell-side analysts expect that American International Group, Inc. will post 8.01 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s payout ratio is 36.56%.

Institutional Investors Weigh In On American International Group

Several institutional investors and hedge funds have recently made changes to their positions in AIG. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of American International Group by 20.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,932 shares of the insurance provider’s stock worth $7,608,000 after buying an additional 15,116 shares during the last quarter. Norges Bank purchased a new stake in American International Group during the fourth quarter valued at approximately $636,782,000. Danske Bank A S raised its position in American International Group by 7.7% in the fourth quarter. Danske Bank A S now owns 351,972 shares of the insurance provider’s stock worth $30,111,000 after acquiring an additional 25,200 shares during the period. Lee Danner & Bass Inc. boosted its stake in shares of American International Group by 194.2% during the 1st quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock worth $2,542,000 after acquiring an additional 22,300 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of American International Group during the 4th quarter valued at $12,732,000. Institutional investors own 90.60% of the company’s stock.

Key American International Group News

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: AIG introduced a Parametric Cloud Outage Solution, designed to provide predetermined payments when cloud-service disruptions meet specified conditions. The offering expands the insurer’s cyber coverage and could support future growth as businesses seek protection against cloud-related interruptions. AIG Expands Cyber Insurance Offering to Help Businesses Manage Cloud Outage Risks
• Positive Sentiment: KBW maintained a Buy rating on AIG, while Royal Bank of Canada raised its price target to $87. These views indicate that some analysts see additional upside from current trading levels. KBW Remains a Buy on American International Group Royal Bank of Canada Increases AIG Price Target
• Neutral Sentiment: Morgan Stanley lowered its AIG price target from $82 to $81 and kept an Equal Weight rating. The revised target still implied roughly 6.5% upside based on the referenced price, but the reduction signals more limited near-term conviction. Morgan Stanley AIG analyst update
• Neutral Sentiment: AIG appointed a 15-year company veteran to lead its North American cyber and professional liability business. The move may support execution in a strategically important insurance segment, although no immediate financial impact was disclosed. AIG taps veteran to head cyber and professional liability
• Negative Sentiment: Chief Executive Peter Zaffino sold a combined 236,829 AIG shares for approximately $18.1 million, reducing his holdings. Because both transactions were conducted under a pre-arranged Rule 10b5-1 plan, the sales may reflect scheduled diversification rather than a change in his outlook, but they can nevertheless weigh on sentiment.
• Neutral Sentiment: Analyst opinions on AIG remain mixed, suggesting the stock lacks a clear consensus catalyst despite its moderate valuation and continued analyst price targets above the referenced market price. Analysts’ Opinions Are Mixed on AIG

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Weiss Ratings upgraded shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Citigroup raised their price objective on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Cantor Fitzgerald raised shares of American International Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $85.00 to $92.00 in a research note on Thursday, July 9th. Finally, HSBC reduced their price target on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus target price of $88.39.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.