Duality Advisers LP Makes New Investment in American International Group, Inc. (NYSE:AIG)

Duality Advisers LP bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,058 shares of the insurance provider’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cetera Trust Company N.A purchased a new position in shares of American International Group during the fourth quarter worth $158,000. Handelsbanken Fonder AB boosted its position in shares of American International Group by 19.0% during the fourth quarter. Handelsbanken Fonder AB now owns 171,511 shares of the insurance provider’s stock worth $11,620,000 after buying an additional 27,334 shares during the period. CWM LLC boosted its position in shares of American International Group by 2.4% during the fourth quarter. CWM LLC now owns 11,000 shares of the insurance provider’s stock worth $745,000 after buying an additional 260 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of American International Group by 0.5% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 78,548 shares of the insurance provider’s stock worth $5,322,000 after buying an additional 416 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its position in shares of American International Group by 28.8% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 15,010 shares of the insurance provider’s stock worth $1,017,000 after buying an additional 3,358 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Activity at American International Group

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 shares were purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the transaction, the director now directly owns 659 shares of the company’s stock, valued at approximately $49,682.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American International Group news, Director John C. Inglis acquired 659 shares of the stock in a transaction on Thursday, March 14th. The shares were bought 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 of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AIG has been the subject of several research analyst reports. TD Cowen initiated coverage on American International Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price target for the company. Citigroup lifted their target price on American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada lifted their target price on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Piper Sandler lifted their target price on American International Group from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, Evercore ISI lifted their target price on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $80.38.

American International Group Stock Down 0.2 %

AIG opened at $74.47 on Friday. The business’s 50-day simple moving average is $74.70 and its 200-day simple moving average is $68.94. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. American International Group, Inc. has a one year low of $48.95 and a one year high of $78.95. The stock has a market capitalization of $50.71 billion, a P/E ratio of 14.92, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03.

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

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.93%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

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.