American International Group (NYSE:AIG) Director Buys $10,036.48 in Stock

American International Group, Inc. (NYSE:AIG) Director John Inglis bought 128 shares of American International Group stock in a transaction that occurred on Monday, November 9th. The stock was bought at an average price of $78.41 per share, with a total value of $10,036.48. Following the purchase, the director owned 2,808 shares of the company’s stock, valued at $220,175.28. This trade represents a 4.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

American International Group Stock Up 0.6%

AIG stock opened at $82.81 on Thursday. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a market cap of $42.93 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48. The business’s 50-day simple moving average is $77.77 and its 200 day simple moving average is $77.08.

American International Group (NYSE:AIG) last posted 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 during the quarter, compared to analysts’ expectations of $7.42 billion. American International Group had a return on equity of 10.86% and a net margin of 11.86%. During the same quarter in the prior year, the firm posted $2.20 EPS. On average, research analysts anticipate that American International Group, Inc. will post 8.13 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders 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 dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Barclays upped their target price on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Bank of America reiterated a “neutral” rating on shares of American International Group in a research note on Wednesday, November 4th. UBS Group boosted their price target on shares of American International Group from $100.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday. Mizuho lowered their price target on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Finally, Morgan Stanley dropped their price objective on shares of American International Group from $81.00 to $80.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and an average price target of $88.00.

Hedge Funds Weigh In On American International Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp bought a new stake in American International Group in the second quarter valued at $496,890,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in American International Group during the second quarter worth $464,539,000. Wellington Management Group LLP raised its stake in American International Group by 6.9% during the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock worth $2,260,622,000 after acquiring an additional 1,961,270 shares in the last quarter. Man Group plc lifted its holdings in shares of American International Group by 104.6% during the second quarter. Man Group plc now owns 3,612,368 shares of the insurance provider’s stock valued at $269,230,000 after acquiring an additional 1,847,194 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of American International Group by 131.5% during the second quarter. Bank of Nova Scotia now owns 1,175,453 shares of the insurance provider’s stock valued at $87,607,000 after acquiring an additional 667,791 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Company Profile

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.