Park Avenue Securities LLC Purchases 1,534 Shares of American International Group, Inc. (NYSE:AIG)

Park Avenue Securities LLC raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,513 shares of the insurance provider’s stock after purchasing an additional 1,534 shares during the quarter. Park Avenue Securities LLC’s holdings in American International Group were worth $1,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of AIG. Rise Advisors LLC bought a new position in shares of American International Group in the first quarter valued at approximately $29,000. Valued Wealth Advisors LLC lifted its stake in American International Group by 303.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 276 shares in the last quarter. Versant Capital Management Inc boosted its holdings in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in American International Group by 123.8% during the 1st quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 250 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of American International Group in the 4th quarter worth $40,000. Institutional investors own 90.60% of the company’s stock.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the sale, the insider now directly owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director W Don Cornwell 1,000 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at $7,077,548,560.20. The disclosure for this sale can be found here. Insiders sold 39,964,738 shares of company stock valued at $1,132,432,195 over the last three months. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE AIG traded down $0.64 during trading on Wednesday, hitting $70.60. 4,821,193 shares of the company’s stock traded hands, compared to its average volume of 4,247,177. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a market capitalization of $46.85 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 2.48 and a beta of 1.07. American International Group, Inc. has a 12-month low of $57.02 and a 12-month high of $80.83. The business has a 50 day moving average of $75.65 and a 200-day moving average of $74.88.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). The business had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.37%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the firm earned $1.75 EPS. As a group, equities research analysts anticipate that American International Group, Inc. will post 6.4 earnings per share for the current fiscal year.

American International Group announced that its board has initiated 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 usually a sign that the company’s board believes its shares are undervalued.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.27%. American International Group’s dividend payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AIG. Morgan Stanley dropped their price target on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. BMO Capital Markets boosted their target price on American International Group from $88.00 to $89.00 and gave the stock an “outperform” rating in a research note on Monday, May 13th. Bank of America increased their price target on American International Group from $81.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Tuesday, July 9th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus price target of $83.47.

American International Group 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.