9,554 Shares in American International Group, Inc. (NYSE:AIG) Bought by Everpar Advisors LLC

Everpar Advisors LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,554 shares of the insurance provider’s stock, valued at approximately $647,000.

Several other large investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of American International Group during the third quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in shares of American International Group during the third quarter worth about $32,000. CNB Bank acquired a new stake in shares of American International Group in the 3rd quarter worth about $42,000. SouthState Corp lifted its position in American International Group by 41.7% in the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 217 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in 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 purchasing an additional 232 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other American International Group news, Director John C. Inglis bought 659 shares of the stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other American International Group news, Director John C. Inglis bought 659 shares of American International Group stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the acquisition, the director now owns 659 shares in the company, valued at $49,682.01. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value 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 owned by company insiders.

American International Group Trading Up 0.4 %

Shares of NYSE AIG traded up $0.31 during trading hours on Tuesday, hitting $80.28. The company’s stock had a trading volume of 3,393,063 shares, compared to its average volume of 4,004,778. The business has a 50-day simple moving average of $75.73 and a 200-day simple moving average of $69.84. The stock has a market cap of $53.28 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 1.11 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.29 and a current ratio of 0.29. American International Group, Inc. has a 12 month low of $51.86 and a 12 month high of $80.76.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.66 by $0.11. American International Group had a net margin of 9.98% and a return on equity of 10.54%. The business had revenue of $12.58 billion during the quarter, compared to analyst estimates of $12.04 billion. During the same period in the prior year, the business earned $1.63 EPS. On average, analysts anticipate that American International Group, Inc. will post 7.05 earnings per share for the current fiscal year.

American International Group announced that its board has approved a stock buyback plan on Wednesday, May 1st that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the insurance provider to buy up to 19.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, June 14th. This represents a $1.60 annualized dividend and a yield of 1.99%. This is a positive change from American International Group’s previous quarterly dividend of $0.36. American International Group’s dividend payout ratio (DPR) is currently 21.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. BMO Capital Markets dropped their target price on American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Morgan Stanley lifted their price objective on shares of American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. UBS Group increased their target price on shares of American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Evercore ISI boosted their price target on shares of American International Group from $80.00 to $81.00 and gave the stock an “in-line” rating in a report on Friday. Finally, TD Cowen initiated coverage on shares of American International Group in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price objective for the company. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average price target of $80.44.

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.