Commerzbank Aktiengesellschaft FI Invests $680,000 in American International Group, Inc. $AIG

Commerzbank Aktiengesellschaft FI purchased a new stake in American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,121 shares of the insurance provider’s stock, valued at approximately $680,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in American International Group during the 4th quarter worth about $636,782,000. Bank of New York Mellon Corp bought a new stake in shares of American International Group during the 2nd quarter worth about $496,890,000. Diamond Hill Capital Management LLC Investment Advisor bought a new position in American International Group in the 2nd quarter valued at about $464,539,000. Price T Rowe Associates Inc. MD raised its holdings in American International Group by 39.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,371,853 shares of the insurance provider’s stock valued at $1,400,613,000 after acquiring an additional 4,661,246 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in shares of American International Group by 36.9% during the fourth quarter. Franklin Resources Inc. now owns 15,618,321 shares of the insurance provider’s stock worth $1,336,147,000 after acquiring an additional 4,210,363 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the sale, the insider directly owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. This trade represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Cantor Fitzgerald dropped their price target on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday. Mizuho increased their price objective on American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. UBS Group lifted their target price on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada boosted their target price on shares of American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Finally, HSBC lowered their price target on shares of American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $88.28.

American International Group Price Performance

AIG stock opened at $76.17 on Wednesday. The company has a 50 day simple moving average of $77.66 and a 200 day simple moving average of $76.95. The stock has a market cap of $39.83 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 0.70 and a beta of 0.52. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping 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 11.05%. The company had revenue of $7.08 billion during the quarter, compared to the consensus estimate of $7.25 billion. During the same period in the prior year, the business earned $1.81 earnings per share. Research analysts anticipate that American International Group, Inc. will post 8.02 EPS for the current fiscal year.

American International Group Dividend Announcement

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

American International Group Company Profile

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.