American International Group, Inc. (NYSE:AIG) Shares Bought by Headlands Technologies LLC

Headlands Technologies LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 3,037.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,725 shares of the insurance provider’s stock after acquiring an additional 16,192 shares during the period. Headlands Technologies LLC’s holdings in American International Group were worth $1,133,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in American International Group during the 3rd quarter worth $26,000. CNB Bank acquired a new position in American International Group during the 3rd quarter worth $42,000. SouthState Corp grew its holdings in American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock worth $45,000 after acquiring an additional 217 shares in the last quarter. Blue Trust Inc. grew its holdings in American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 232 shares in the last quarter. Finally, Highlander Capital Management LLC lifted its position in shares of American International Group by 144.9% in the 4th quarter. Highlander Capital Management LLC now owns 845 shares of the insurance provider’s stock worth $57,000 after buying an additional 500 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of AIG opened at $74.53 on Friday. The firm’s 50 day moving average is $74.70 and its 200-day moving average is $68.99. The stock has a market capitalization of $50.75 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.20. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. Equities research analysts anticipate that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is currently 28.86%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AIG. Morgan Stanley raised their price target on shares of American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Royal Bank of Canada raised their price target on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, February 15th. BMO Capital Markets reduced their price target on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a research report on Thursday, February 15th. Evercore ISI raised their price target on shares of American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Finally, Wells Fargo & Company lifted their price objective on shares of American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.38.

Insider Transactions at American International Group

In other news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is currently owned by insiders.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.