American International Group, Inc. (NYSE:AIG) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP increased its position in American International Group, Inc. (NYSE:AIG) by 103.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,210 shares of the insurance provider’s stock after buying an additional 9,759 shares during the quarter. GSA Capital Partners LLP’s holdings in American International Group were worth $1,407,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the 3rd quarter valued at about $26,000. Fortitude Family Office LLC boosted its holdings in American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after buying an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new position in American International Group in the second quarter worth approximately $27,000. Versant Capital Management Inc increased its holdings in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of American International Group during the 3rd quarter valued at $46,000. Institutional investors own 90.60% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

American International Group Trading Up 1.6 %

NYSE AIG opened at $76.09 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1-year low of $63.39 and a 1-year high of $80.83. The firm’s fifty day simple moving average is $75.10 and its 200-day simple moving average is $75.68. The company has a market capitalization of $47.46 billion, a PE ratio of -22.45, a price-to-earnings-growth ratio of 7.41 and a beta of 1.05.

American International Group (NYSE:AIG) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the prior year, the firm posted $1.61 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AIG shares. UBS Group lifted their target price on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Finally, BMO Capital Markets downgraded shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.13.

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.