100,333 Shares in American International Group, Inc. $AIG Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC purchased a new position in American International Group, Inc. (NYSE:AIG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 100,333 shares of the insurance provider’s stock, valued at approximately $7,880,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Westfuller Advisors LLC bought a new stake in American International Group during the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp increased its holdings in American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares during the period. Eastern Bank grew its position in shares of American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after buying an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of American International Group during the second quarter valued at approximately $32,000. Finally, Motco boosted its holdings in American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 380 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 0.3%

NYSE AIG opened at $76.72 on Monday. The stock has a market cap of $41.16 billion, a P/E ratio of 14.15, a P/E/G ratio of 0.59 and a beta of 0.58. The stock’s fifty day moving average price is $76.71 and its 200-day moving average price is $78.72. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $88.07. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, February 10th. The insurance provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.90 by $0.06. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a net margin of 11.56% and a return on equity of 9.79%. During the same period in the prior year, the firm posted $1.30 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, March 16th. American International Group’s dividend payout ratio (DPR) is currently 33.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group upgraded shares of American International Group from a “neutral” rating to a “buy” rating and set a $90.00 price target on the stock in a research report on Thursday, March 5th. Mizuho raised their target price on American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a research note on Tuesday, February 17th. Barclays dropped their price target on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Piper Sandler lowered their price objective on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada started coverage on shares of American International Group in a report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $88.22.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.