West Family Investments Inc. Acquires Shares of 8,111 American International Group, Inc. $AIG

West Family Investments Inc. bought a new stake in American International Group, Inc. (NYSE:AIG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,111 shares of the insurance provider’s stock, valued at approximately $605,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Modus Advisors LLC purchased a new position in American International Group during the 4th quarter worth $27,000. Navalign LLC acquired a new position in American International Group in the fourth quarter valued at $29,000. Mcguire Capital Advisors Inc. purchased a new stake in shares of American International Group in the fourth quarter valued at about $29,000. SHP Wealth Management purchased a new stake in shares of American International Group in the fourth quarter valued at about $34,000. Finally, CENTRAL TRUST Co lifted its position in American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $75.81 on Thursday. The firm’s fifty day simple moving average is $77.67 and its 200-day simple moving average is $76.96. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $39.64 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 0.69 and a beta of 0.53. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.92 by $0.08. The business had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. American International Group had a return on equity of 11.05% and a net margin of 11.13%.During the same quarter in the previous year, the company earned $1.81 EPS. Analysts expect that American International Group, Inc. will post 8.01 earnings per share for the current fiscal year.

American International Group Announces Dividend

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

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent research reports. HSBC dropped their target price on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, July 6th. Wells Fargo & Company decreased their price target on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Barclays lifted their price objective on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Citigroup boosted their price objective on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Finally, Piper Sandler upped their price objective on shares of American International Group from $80.00 to $84.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, American International Group presently has an average rating of “Hold” and a consensus price target of $88.28.

Insider Buying and Selling

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the completion of the transaction, the insider directly owned 556,004 shares in the company, valued at approximately $42,334,144.56. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

American International Group Profile

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.