American International Group, Inc. $AIG Shares Newly Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new position in American International Group, Inc. (NYSE:AIG) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 94,329 shares of the insurance provider’s stock, valued at approximately $7,100,000.

Other institutional investors have also added to or reduced their stakes in the company. Third View Private Wealth LLC lifted its stake in shares of American International Group by 155.6% during the 3rd quarter. Third View Private Wealth LLC now owns 8,496 shares of the insurance provider’s stock worth $632,000 after acquiring an additional 5,172 shares during the last quarter. Provenance Wealth Advisors LLC increased its stake in American International Group by 167.0% in the third quarter. Provenance Wealth Advisors LLC now owns 3,271 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 2,046 shares during the period. First Nebraska Trust Co purchased a new stake in American International Group in the third quarter worth $238,000. VCI Wealth Management LLC bought a new stake in shares of American International Group during the third quarter worth $1,706,000. Finally, Bell Investment Advisors Inc lifted its position in shares of American International Group by 122.0% during the third quarter. Bell Investment Advisors Inc now owns 1,638 shares of the insurance provider’s stock worth $122,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group News Summary

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

• Positive Sentiment: AIG’s third-quarter earnings beat estimates by 11.4%, with premium growth and higher investment income helping offset elevated catastrophe losses. The company reported EPS of $2.06 versus the $1.88 consensus. AIG Q3 Earnings Beat Estimates on Strong Premium Growth
• Positive Sentiment: The insurer declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a roughly 2.5% yield at the cited share price, supporting its appeal to income-focused investors.
• Neutral Sentiment: Wells Fargo raised its price target from $83 to $85 but kept an “equal weight” rating, indicating modest upside in its view without a stronger bullish endorsement. Wells Fargo recommendations
• Negative Sentiment: General Insurance underwriting income fell 29% in the quarter, with storms and other catastrophe losses weighing on results. That weakness could offset the earnings beat and raise concerns about underwriting profitability. AIG’s General Insurance Q3 Underwriting Income Down 29%

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 200,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the transaction, the insider directly owned 592,833 shares in the company, valued at $45,333,939.51. This represents a 25.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AIG has been the subject of a number of recent analyst reports. Mizuho lowered their target price on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Cantor Fitzgerald reduced their price target on shares of 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. Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, October 12th. UBS Group lifted their price objective on shares of American International Group from $98.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. Finally, Barclays boosted their price objective on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus target price of $87.79.

American International Group Price Performance

AIG opened at $80.86 on Friday. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The business’s fifty day simple moving average is $77.44 and its 200-day simple moving average is $76.91. The company has a market capitalization of $42.28 billion, a price-to-earnings ratio of 13.17, a PEG ratio of 0.85 and a beta of 0.48.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.88 by $0.18. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. American International Group had a return on equity of 10.73% and a net margin of 11.86%. During the same quarter last year, the firm posted $2.20 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 8.10 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, December 16th. American International Group’s dividend payout ratio is presently 32.57%.

American International Group Company Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.