nVerses Capital LLC Grows Holdings in American International Group, Inc. (NYSE:AIG)

nVerses Capital LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 198.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,500 shares of the insurance provider’s stock after acquiring an additional 10,300 shares during the period. American International Group accounts for approximately 0.5% of nVerses Capital LLC’s holdings, making the stock its 6th largest holding. nVerses Capital LLC’s holdings in American International Group were worth $1,135,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swedbank AB bought a new position in American International Group during the 1st quarter valued at $99,951,000. Canada Pension Plan Investment Board lifted its holdings in shares of American International Group by 98.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock valued at $148,053,000 after buying an additional 941,607 shares during the period. Bank of Montreal Can boosted its stake in American International Group by 83.6% during the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after buying an additional 597,765 shares in the last quarter. Senator Investment Group LP raised its position in American International Group by 41.0% in the first quarter. Senator Investment Group LP now owns 1,517,466 shares of the insurance provider’s stock worth $118,620,000 after acquiring an additional 441,048 shares in the last quarter. Finally, National Bank of Canada FI lifted its holdings in American International Group by 171.9% in the 1st quarter. National Bank of Canada FI now owns 640,971 shares of the insurance provider’s stock valued at $51,348,000 after acquiring an additional 405,230 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 8,032,129 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several recent research reports. TD Cowen lowered their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Evercore ISI dropped their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $90.00 to $84.00 in a research note on Tuesday. Bank of America lifted their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a report on Thursday, October 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $84.38.

American International Group Stock Up 1.3 %

Shares of NYSE AIG traded up $0.97 during mid-day trading on Thursday, reaching $78.11. The company had a trading volume of 1,189,740 shares, compared to its average volume of 4,124,500. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $51.84 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 3.88 and a beta of 1.06. The stock has a fifty day moving average of $74.16 and a two-hundred day moving average of $75.48. American International Group, Inc. has a 12-month low of $58.69 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the previous year, the company earned $1.75 EPS. The firm’s quarterly revenue was up .0% compared to the same quarter last year. As a group, equities research analysts expect that American International Group, Inc. will post 5.09 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.40 per share. The ex-dividend date was Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.05%. American International Group’s payout ratio is 23.88%.

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.