Waverton Investment Management Ltd Purchases 5,646 Shares of American International Group, Inc. (NYSE:AIG)

Waverton Investment Management Ltd increased its position in American International Group, Inc. (NYSE:AIG) by 1.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 553,932 shares of the insurance provider’s stock after buying an additional 5,646 shares during the quarter. Waverton Investment Management Ltd’s holdings in American International Group were worth $40,573,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AIG. Christopher J. Hasenberg Inc purchased a new position in American International Group in the 3rd quarter worth approximately $26,000. Y.D. More Investments Ltd purchased a new position in American International Group in the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC increased its stake in American International Group by 199.2% in the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 239 shares during the period. Versant Capital Management Inc increased its stake in shares of American International Group by 326.0% during 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 during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group during the third quarter valued at approximately $46,000. Institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods reduced their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $93.00 to $89.00 in a research note on Thursday, October 10th. Piper Sandler reduced their price target on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 target price on shares of American International Group in a report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target on American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a report on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.31.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.61% of the stock is currently owned by corporate insiders.

American International Group Trading Down 0.3 %

Shares of NYSE:AIG opened at $75.38 on Tuesday. The stock has a 50 day moving average of $75.15 and a 200 day moving average of $75.67. The company has a market cap of $48.54 billion, a PE ratio of -22.24, a price-to-earnings-growth ratio of 7.47 and a beta of 1.05. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $63.35 and a 12-month high of $80.83.

American International Group (NYSE:AIG) last posted its quarterly 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. American International Group had a positive return on equity of 8.49% and a negative net margin of 6.19%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the company posted $1.61 EPS. As a group, equities research analysts expect that American International Group, Inc. will post 5.14 EPS for the current year.

American International Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.12%. American International Group’s payout ratio is -47.20%.

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.