Peter Zaffino Sells 200,000 Shares of American International Group (NYSE:AIG) Stock

American International Group, Inc. (NYSE:AIG) insider Peter Zaffino sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total value of $15,294,000.00. Following the completion of the sale, the insider owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. This represents a 25.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Zaffino also recently made the following trade(s):

• On Thursday, August 13th, Peter Zaffino sold 36,829 shares of American International Group stock. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06.

American International Group Stock Performance

Shares of American International Group stock opened at $76.54 on Friday. The firm’s fifty day simple moving average is $77.57 and its 200-day simple moving average is $76.89. The stock has a market capitalization of $40.02 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.69 and a beta of 0.53. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the prior year, the business earned $1.81 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 8.02 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s dividend payout ratio is presently 36.56%.

Institutional Investors Weigh In On American International Group

A number of hedge funds have recently added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in American International Group during the 4th quarter worth approximately $27,000. Navalign LLC purchased a new position in shares of American International Group during the 4th quarter worth approximately $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of American International Group in the 4th quarter valued at approximately $29,000. SHP Wealth Management purchased a new stake in shares of American International Group in the fourth quarter valued at approximately $34,000. Finally, Fiduciary Financial Advisors purchased a new stake in shares of American International Group in the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. UBS Group lifted their target price on American International Group from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods boosted their target price on American International Group from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, HSBC cut their price target on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $88.39.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.