PGGM Investments Has $7.99 Million Stake in American International Group, Inc. (NYSE:AIG)

PGGM Investments trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 0.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 117,927 shares of the insurance provider’s stock after selling 509 shares during the period. PGGM Investments’ holdings in American International Group were worth $7,990,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AIG. OFI Invest Asset Management acquired a new stake in shares of American International Group during the 3rd quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at about $32,000. CNB Bank acquired a new stake in shares of American International Group during the 3rd quarter valued at about $42,000. SouthState Corp lifted its holdings in shares of 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 buying an additional 217 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after buying an additional 232 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley raised their price objective on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Evercore ISI lifted their price target on 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. Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $75.00 to $77.00 in a research report on Tuesday, February 20th. UBS Group lifted their price target on American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Finally, TD Cowen initiated coverage on American International Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, American International Group has a consensus rating of “Moderate Buy” and an average target price of $80.38.

Insiders Place Their Bets

In other American International Group news, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares in the company, valued at $49,682.01. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director John C. Inglis bought 659 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the transaction, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of the business’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 sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.

American International Group Price Performance

AIG stock traded down $0.10 during trading on Friday, hitting $74.53. The company had a trading volume of 5,027,158 shares, compared to its average volume of 3,428,688. The company has a fifty day moving average price of $74.70 and a two-hundred day moving average price of $68.99. 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 company has a market cap of $50.75 billion, a P/E ratio of 14.94, a P/E/G ratio of 1.07 and a beta of 1.03. 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 announced its quarterly earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. American International Group’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.36 EPS. Equities research analysts expect that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

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.