American International Group, Inc. (NYSE:AIG) Stock Position Increased by Cerity Partners LLC

Cerity Partners LLC boosted its position in American International Group, Inc. (NYSE:AIG) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,855 shares of the insurance provider’s stock after purchasing an additional 9,295 shares during the quarter. Cerity Partners LLC’s holdings in American International Group were worth $2,903,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. raised its position in shares of American International Group by 3.0% during the 3rd quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock worth $1,035,384,000 after buying an additional 503,547 shares in the last quarter. Geode Capital Management LLC raised its position in shares of American International Group by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 13,407,381 shares of the insurance provider’s stock worth $673,990,000 after buying an additional 180,340 shares in the last quarter. FMR LLC raised its position in shares of American International Group by 5.0% during the 3rd quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock worth $772,352,000 after buying an additional 604,901 shares in the last quarter. Norges Bank bought a new stake in shares of American International Group during the 4th quarter worth about $736,063,000. Finally, Bank of New York Mellon Corp raised its position in shares of American International Group by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 11,131,560 shares of the insurance provider’s stock worth $674,573,000 after buying an additional 408,335 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

American International Group stock opened at $72.99 on Friday. The firm’s 50 day simple moving average is $74.10 and its 200-day simple moving average is $68.33. The company has a market cap of $49.70 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. American International Group, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $78.95.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.20. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. As a group, equities research analysts predict that American International Group, Inc. will post 7.05 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s payout ratio is presently 28.86%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Evercore ISI boosted their price target on shares of American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. Wells Fargo & Company boosted their price target on shares of American International Group from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. HSBC started coverage on shares of American International Group in a report on Thursday, December 28th. They issued a “buy” rating and a $86.00 target price on the stock. UBS Group boosted their target price on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $87.00 target price on shares of American International Group in a report on Monday, April 1st. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and an average price target of $79.06.

Insider Activity at American International Group

In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director John C. Inglis acquired 659 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.