American International Group Inc (AIG) Director Sells $146,950.00 in Stock
American International Group Inc (NYSE:AIG) Director W Don Cornwell sold 2,500 shares of American International Group stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $58.78, for a total value of $146,950.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of American International Group Inc (NYSE:AIG) opened at $56.51 on Friday. American International Group Inc has a one year low of $55.07 and a one year high of $67.30. 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 firm has a market capitalization of $50,962.42, a price-to-earnings ratio of -8.23, a PEG ratio of 0.91 and a beta of 1.23.
American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.57 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.18). American International Group had a negative net margin of 12.62% and a positive return on equity of 3.10%. During the same period last year, the firm earned ($2.96) earnings per share. sell-side analysts predict that American International Group Inc will post 5.64 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of AIG. Bank of Nova Scotia Trust Co. acquired a new stake in shares of American International Group in the third quarter valued at $109,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at $134,000. Chicago Partners Investment Group LLC acquired a new stake in shares of American International Group in the third quarter valued at $163,000. Rational Advisors LLC grew its stake in shares of American International Group by 100.0% in the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock valued at $184,000 after buying an additional 1,500 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of American International Group in the third quarter valued at $200,000. 86.74% of the stock is owned by institutional investors and hedge funds.
AIG has been the topic of a number of analyst reports. Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research report on Friday, November 3rd. B. Riley reiterated a “neutral” rating on shares of American International Group in a research report on Monday, November 6th. Goldman Sachs Group initiated coverage on American International Group in a research report on Monday, December 4th. They set a “neutral” rating and a $61.00 price objective on the stock. Deutsche Bank upgraded American International Group from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $58.00 to $59.00 in a research report on Wednesday, December 6th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $74.00 price objective on shares of American International Group in a research report on Wednesday, December 6th. Two investment 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 a consensus rating of “Hold” and a consensus target price of $66.91.
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American International Group Company Profile
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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