Walleye Capital LLC Invests $411,000 in American International Group, Inc. (NYSE:AIG)

Walleye Capital LLC purchased a new position in American International Group, Inc. (NYSE:AIGGet Rating) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,037 shares of the insurance provider’s stock, valued at approximately $411,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tcwp LLC purchased a new stake in shares of American International Group in the first quarter worth approximately $40,000. Jones Financial Companies Lllp increased its holdings in American International Group by 139.4% during the 2nd quarter. Jones Financial Companies Lllp now owns 754 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 439 shares during the period. Crewe Advisors LLC purchased a new position in American International Group during the 2nd quarter worth $41,000. Fieldpoint Private Securities LLC increased its holdings in American International Group by 60.9% during the 2nd quarter. Fieldpoint Private Securities LLC now owns 898 shares of the insurance provider’s stock worth $46,000 after purchasing an additional 340 shares during the period. Finally, Herold Advisors Inc. purchased a new position in American International Group during the 1st quarter worth $56,000. 90.18% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 80,000,000 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $21.00, for a total value of $1,680,000,000.00. Following the completion of the sale, the insider now owns 501,145,000 shares of the company’s stock, valued at approximately $10,524,045,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder International Group American sold 80,000,000 shares of the firm’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $21.00, for a total value of $1,680,000,000.00. Following the completion of the sale, the insider now owns 501,145,000 shares of the company’s stock, valued at approximately $10,524,045,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Luciana Fato sold 17,000 shares of the firm’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $54.01, for a total value of $918,170.00. Following the completion of the sale, the executive vice president now directly owns 45,444 shares of the company’s stock, valued at approximately $2,454,430.44. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

American International Group Stock Down 1.1 %

American International Group stock opened at $59.87 on Thursday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $44.48 billion, a price-to-earnings ratio of 3.56, a PEG ratio of 1.38 and a beta of 1.19. American International Group, Inc. has a 1-year low of $47.05 and a 1-year high of $65.73. The business has a fifty day moving average price of $53.72 and a 200-day moving average price of $54.14.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th will be given a $0.32 dividend. The ex-dividend date is Wednesday, December 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.14%. American International Group’s payout ratio is 7.61%.

Wall Street Analysts Forecast Growth

Several research firms have commented on AIG. TheStreet upgraded American International Group from a “c+” rating to a “b” rating in a report on Thursday, October 27th. The Goldman Sachs Group began coverage on American International Group in a report on Monday, October 10th. They set a “buy” rating and a $83.00 price objective on the stock. Morgan Stanley assumed coverage on American International Group in a report on Monday, November 7th. They set an “overweight” rating and a $70.00 price objective on the stock. Wells Fargo & Company lifted their price target on American International Group from $55.00 to $61.00 and gave the company an “equal weight” rating in a report on Monday, November 7th. Finally, Bank of America reiterated a “buy” rating and issued a $58.00 price target on shares of American International Group in a report on Monday, October 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $63.20.

American International Group Company Profile

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American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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