American International Group, Inc. (NYSE:AIG) Shares Sold by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,171 shares of the insurance provider’s stock after selling 149 shares during the period. Mitchell & Pahl Private Wealth LLC’s holdings in American International Group were worth $598,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in AIG. Forum Financial Management LP grew its position in American International Group by 1.1% during the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock worth $904,000 after buying an additional 128 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of American International Group by 5.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock worth $210,000 after acquiring an additional 136 shares during the period. Quent Capital LLC increased its stake in American International Group by 4.0% in the 2nd quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 146 shares in the last quarter. New Republic Capital LLC raised its holdings in American International Group by 5.2% during the first quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock worth $257,000 after purchasing an additional 164 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in American International Group by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 2.3 %

Shares of NYSE AIG traded up $1.77 on Thursday, reaching $78.91. 1,738,191 shares of the company traded hands, compared to its average volume of 4,126,393. The stock has a market capitalization of $52.37 billion, a PE ratio of 11.67, a P/E/G ratio of 3.88 and a beta of 1.06. American International Group, Inc. has a fifty-two week low of $58.69 and a fifty-two week high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $74.16 and a 200 day moving average of $75.48.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.14). The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the company posted $1.75 EPS. On average, equities research analysts forecast that American International Group, Inc. will post 5.09 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s dividend payout ratio (DPR) is presently 23.88%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on AIG shares. Morgan Stanley cut their price target on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Wells Fargo & Company cut their target price on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Barclays began coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. Finally, TD Cowen lowered their target price on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $84.38.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.61% of the stock is currently owned by insiders.

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.