Blue Trust Inc. Boosts Stake in American International Group, Inc. (NYSE:AIG)

Blue Trust Inc. increased its position in shares of American International Group, Inc. (NYSE:AIG) by 181.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,019 shares of the insurance provider’s stock after acquiring an additional 2,589 shares during the period. Blue Trust Inc.’s holdings in American International Group were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in American International Group during the third quarter valued at about $26,000. Fortitude Family Office LLC raised its stake 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 valued at $27,000 after buying an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in American International Group during the second quarter valued at approximately $27,000. Valued Wealth Advisors LLC raised its stake in American International Group by 303.3% during the first quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after buying an additional 276 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 339 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares in the company, valued at $7,077,548,560.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.

American International Group Stock Up 0.3 %

Shares of AIG opened at $77.67 on Friday. American International Group, Inc. has a 52 week low of $59.12 and a 52 week high of $80.83. The firm has a market cap of $51.55 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 3.88 and a beta of 1.06. The firm’s 50-day simple moving average is $74.75 and its 200 day simple moving average is $75.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

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

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend yield of 2.06%. American International Group’s payout ratio is presently 23.88%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AIG shares. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Bank of America increased their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Evercore ISI cut their price objective on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. StockNews.com lowered American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, Barclays initiated coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. 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 company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.38.

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.