Vontobel Holding Ltd. Has $2.67 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Vontobel Holding Ltd. lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 32.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 39,466 shares of the insurance provider’s stock after selling 18,974 shares during the quarter. Vontobel Holding Ltd.’s holdings in American International Group were worth $2,674,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. OFI Invest Asset Management acquired a new stake in shares of American International Group during the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new position in American International Group in the 3rd quarter worth approximately $32,000. CNB Bank purchased a new position in American International Group during the 3rd quarter worth approximately $42,000. SouthState Corp raised its stake in American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 217 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of American International Group by 41.7% in the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 232 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 0.6 %

Shares of NYSE:AIG opened at $72.99 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $49.70 billion, a PE ratio of 14.63, a P/E/G ratio of 1.05 and a beta of 1.03. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95. The firm has a fifty day moving average price of $74.10 and a 200 day moving average price of $68.33.

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

American International Group Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AIG. Morgan Stanley lifted their price target on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a report on Monday. TD Cowen started coverage on American International Group in a research note on Wednesday, January 10th. They set a “market perform” rating and a $78.00 target price on the stock. Citigroup increased their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and raised their price target for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. Finally, UBS Group increased their target price on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Nine research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.06.

Insider Activity

In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director John C. Inglis purchased 659 shares of the stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the acquisition, the director now directly owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by company insiders.

About American International Group

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.