Cetera Trust Company N.A Acquires Shares of 2,326 American International Group, Inc. (NYSE:AIG)

Cetera Trust Company N.A bought a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,326 shares of the insurance provider’s stock, valued at approximately $158,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AIG. OFI Invest Asset Management purchased a new stake in shares of American International Group in the third quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of American International Group in the third quarter valued at about $32,000. CNB Bank purchased a new stake in shares of American International Group in the third quarter valued at about $42,000. SouthState Corp boosted its holdings in American International Group by 41.7% during the third quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock worth $45,000 after buying an additional 217 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in American International Group by 41.7% during the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after buying an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity

In other news, Director John C. Inglis acquired 659 shares of the business’s stock in a transaction dated 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 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 legal filing with the SEC, which is available at the SEC website. In related news, Director John C. Inglis purchased 659 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the transaction, the chief executive officer now directly 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. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $74.96 on Tuesday. The firm has a 50 day simple moving average of $74.31 and a 200-day simple moving average of $68.66. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $51.04 billion, a PE ratio of 15.02, a P/E/G ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 1-year low of $48.95 and a 1-year high of $78.95.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.36 earnings per share. On average, equities analysts expect that American International Group, Inc. will post 6.95 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio is presently 28.86%.

Analysts Set New Price Targets

A number of analysts recently commented on AIG shares. Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. Evercore ISI boosted their price objective on shares of American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a report on Thursday, April 11th. Wells Fargo & Company boosted their price objective on shares of American International Group from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Royal Bank of Canada boosted their price objective on shares of American International Group from $76.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.38.

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.