9,706 Shares of American International Group, Inc. $AIG Bought by MBL Wealth LLC

MBL Wealth LLC purchased a new position in shares of American International Group, Inc. (NYSE:AIG) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,706 shares of the insurance provider’s stock, valued at approximately $722,000.

Other institutional investors also recently bought and sold shares of the company. Ledyard National Bank grew its stake in American International Group by 2.2% in the 3rd quarter. Ledyard National Bank now owns 30,487 shares of the insurance provider’s stock valued at $2,269,000 after acquiring an additional 660 shares during the period. Root Financial Partners LLC purchased a new position in American International Group during the third quarter valued at $191,000. Axxcess Wealth Management LLC lifted its holdings in American International Group by 141.5% during the third quarter. Axxcess Wealth Management LLC now owns 8,211 shares of the insurance provider’s stock valued at $611,000 after purchasing an additional 4,811 shares in the last quarter. Integrated Advisors Network LLC grew its position in shares of American International Group by 1.3% in the third quarter. Integrated Advisors Network LLC now owns 13,542 shares of the insurance provider’s stock valued at $1,008,000 after purchasing an additional 176 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of American International Group by 0.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,396,647 shares of the insurance provider’s stock valued at $103,938,000 after purchasing an additional 10,427 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American International Group news, insider Peter Zaffino sold 200,000 shares of the firm’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 transaction, the insider directly owned 592,833 shares of the company’s stock, valued at $45,333,939.51. This trade represents a 25.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of American International Group from $85.00 to $83.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Mizuho lowered their price objective on American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. HSBC cut their price objective 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. Cantor Fitzgerald reduced their target price on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Finally, Royal Bank Of Canada raised their target price on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, American International Group currently has an average rating of “Hold” and an average price target of $87.68.

American International Group Price Performance

Shares of American International Group stock traded down $1.78 during trading hours on Friday, reaching $81.25. 5,139,745 shares of the company’s stock were exchanged, compared to its average volume of 5,016,777. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The company has a market capitalization of $42.49 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 0.87 and a beta of 0.52. The business has a fifty day moving average of $76.59 and a two-hundred day moving average of $76.83. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last issued its earnings results on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period in the prior year, the business earned $1.81 earnings per share. As a group, research analysts predict that American International Group, Inc. will post 8.07 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were issued a $0.50 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. American International Group’s dividend payout ratio is presently 36.56%.

American International Group Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.