Sigma Planning Corp Purchases 5,902 Shares of American International Group, Inc. (NYSE:AIG)

Sigma Planning Corp lifted its position in shares of American International Group, Inc. (NYSE:AIGGet Rating) by 151.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,803 shares of the insurance provider’s stock after acquiring an additional 5,902 shares during the quarter. Sigma Planning Corp’s holdings in American International Group were worth $501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AIG. GQG Partners LLC purchased a new stake in American International Group during the 1st quarter worth about $499,693,000. Assenagon Asset Management S.A. lifted its holdings in American International Group by 196.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 582,327 shares of the insurance provider’s stock worth $29,774,000 after purchasing an additional 1,183,224 shares in the last quarter. Vanguard Group Inc. lifted its holdings in American International Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 80,523,572 shares of the insurance provider’s stock worth $5,054,464,000 after purchasing an additional 932,428 shares in the last quarter. National Bank of Canada FI lifted its holdings in American International Group by 5,873.0% during the 1st quarter. National Bank of Canada FI now owns 761,614 shares of the insurance provider’s stock worth $47,828,000 after purchasing an additional 748,863 shares in the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new stake in American International Group during the 1st quarter worth about $10,297,000. Institutional investors own 90.18% of the company’s stock.

American International Group Stock Up 0.1 %

AIG stock opened at $60.96 on Thursday. 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 $54.12 and a 200-day moving average price of $54.06. 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 $45.29 billion, a P/E ratio of 3.63, a P/E/G ratio of 1.39 and a beta of 1.19.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 29th. Stockholders of record on Thursday, December 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Wednesday, December 14th. American International Group’s dividend payout ratio is currently 7.61%.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 80,000,000 shares of the business’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 transaction, the insider now owns 501,145,000 shares in the company, valued at $10,524,045,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AIG. Credit Suisse Group increased their price objective on American International Group from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, September 12th. Bank of America reissued a “buy” rating and set a $58.00 price objective on shares of American International Group in a report on Monday, October 10th. Evercore ISI lowered their price target on American International Group to $56.00 in a report on Thursday, October 13th. TheStreet raised American International Group from a “c+” rating to a “b” rating in a report on Thursday, October 27th. Finally, Wells Fargo & Company raised 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. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.20.

American International Group 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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