59,396 American International Group, Inc. $AIG Shares Sold by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 50.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,566 shares of the insurance provider’s stock after selling 59,396 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in American International Group were worth $4,358,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of American International Group by 6.9% during the 2nd quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock worth $2,260,622,000 after acquiring an additional 1,961,270 shares in the last quarter. State Street Corp increased its holdings in shares of American International Group by 0.8% during the 2nd quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock valued at $1,871,852,000 after acquiring an additional 196,969 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of American International Group by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock valued at $619,862,000 after acquiring an additional 474,035 shares in the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of American International Group in the 2nd quarter valued at approximately $464,539,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of American International Group by 5.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock valued at $462,147,000 after acquiring an additional 303,201 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group News Summary

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: UBS raised its price target to $103 from $100 and reiterated a Buy rating, implying substantial upside from the reference price. UBS price target update
• Positive Sentiment: Director John Inglis bought 128 shares for about $10,036, increasing his ownership by 4.78%. The purchase is a modest positive insider signal. Director purchase details
• Positive Sentiment: KBW reaffirmed its Buy rating on AIG, adding to the supportive analyst commentary. KBW rating
• Neutral Sentiment: Morgan Stanley maintained its Hold rating, indicating a more cautious view rather than a fresh positive catalyst. Morgan Stanley rating
• Neutral Sentiment: Piper Sandler lifted its target to $85 from $84 but kept a Neutral rating, suggesting limited conviction despite the small increase. Piper Sandler target update

Analysts Set New Price Targets

Several research firms recently weighed in on AIG. Argus restated a “buy” rating and issued a $90.00 target price on shares of American International Group in a report on Wednesday, September 2nd. Barclays increased their price target on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. UBS Group increased their price target on American International Group from $100.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday. Mizuho dropped their price target on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Finally, Cantor Fitzgerald reduced their price objective on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Eight research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.00.

American International Group Trading Up 3.3%

Shares of NYSE:AIG opened at $82.28 on Wednesday. The company has a market cap of $42.66 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.84 and a beta of 0.48. The stock’s 50-day moving average is $77.63 and its 200-day moving average is $77.03. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.18. American International Group had a return on equity of 10.86% and a net margin of 11.86%. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same period in the previous year, the company posted $2.20 earnings per share. Equities research analysts predict that American International Group, Inc. will post 8.13 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, December 30th. Shareholders of record on Wednesday, December 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is 32.57%.

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 36,829 shares of American International Group stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total value of $2,804,160.06. Following the transaction, the insider directly owned 556,004 shares of the company’s stock, valued at $42,334,144.56. The trade was a 6.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

American International Group Company Profile

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.