Investors bought shares of American International Group Inc (NYSE:AIG) on weakness during trading hours on Thursday. $130.55 million flowed into the stock on the tick-up and $94.28 million flowed out of the stock on the tick-down, for a money net flow of $36.27 million into the stock. Of all companies tracked, American International Group had the 10th highest net in-flow for the day. American International Group traded down ($1.04) for the day and closed at $56.27
AIG has been the topic of several research reports. Zacks Investment Research upgraded shares of American International Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Barclays reiterated an “overweight” rating and set a $71.00 price objective (up previously from $68.00) on shares of American International Group in a research note on Tuesday, February 20th. Deutsche Bank upgraded shares of American International Group from a “sell” rating to a “hold” rating and increased their price objective for the stock from $58.00 to $59.00 in a research note on Wednesday, December 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $74.00 price objective on shares of American International Group in a research note on Wednesday, December 6th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of American International Group in a research note on Tuesday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $66.91.
The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.48. The company has a market cap of $51,320.00, a PE ratio of 113.14, a P/E/G ratio of 0.91 and a beta of 1.23.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, March 14th. American International Group’s dividend payout ratio (DPR) is presently 256.00%.
In other news, Director W Don Cornwell sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $58.78, for a total value of $146,950.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Claudine Macartney sold 2,052 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $59.61, for a total transaction of $122,319.72. The disclosure for this sale can be found here. Company insiders own 0.52% of the company’s stock.
Several institutional investors have recently bought and sold shares of AIG. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in American International Group by 121.9% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after buying an additional 8,586,682 shares in the last quarter. Orbis Allan Gray Ltd boosted its holdings in American International Group by 39.5% during the fourth quarter. Orbis Allan Gray Ltd now owns 8,865,081 shares of the insurance provider’s stock worth $528,182,000 after buying an additional 2,510,464 shares in the last quarter. Standard Life Aberdeen plc boosted its holdings in American International Group by 73.5% during the fourth quarter. Standard Life Aberdeen plc now owns 5,648,140 shares of the insurance provider’s stock worth $336,588,000 after buying an additional 2,393,028 shares in the last quarter. Boston Partners boosted its holdings in American International Group by 15.2% during the fourth quarter. Boston Partners now owns 9,024,337 shares of the insurance provider’s stock worth $537,670,000 after buying an additional 1,188,645 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. bought a new stake in American International Group during the fourth quarter worth approximately $64,655,000. Institutional investors and hedge funds own 85.87% of the company’s stock.
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About American International Group
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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