American International Group (NYSE:AIG) Stock: Insider John Inglis Acquires 128 Shares

American International Group, Inc. (NYSE:AIG) Director John Inglis purchased 128 shares of the stock in a transaction dated Monday, November 9th. The shares were purchased at an average price of $78.41 per share, with a total value of $10,036.48. Following the completion of the transaction, the director owned 2,808 shares of the company’s stock, valued at approximately $220,175.28. This trade represents a 4.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

American International Group Price Performance

AIG stock opened at $82.28 on Wednesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $42.66 billion, a PE ratio of 13.40, a P/E/G ratio of 0.84 and a beta of 0.48. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29. The business’s fifty day moving average price is $77.63 and its 200 day moving average price is $77.03.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.18. American International Group had a return on equity of 10.86% and a net margin of 11.86%. The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same quarter in the prior year, the company earned $2.20 EPS. On average, sell-side analysts anticipate that American International Group, Inc. will post 8.13 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be paid a dividend of $0.50 per share. The ex-dividend date is Wednesday, December 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio is 32.57%.

Institutional Investors Weigh In On American International Group

A number of hedge funds have recently bought and sold shares of the stock. Private Advisor Group LLC increased its stake in shares of American International Group by 53.1% during the third quarter. Private Advisor Group LLC now owns 20,446 shares of the insurance provider’s stock worth $1,522,000 after buying an additional 7,093 shares during the period. Ieq Capital LLC raised its holdings in American International Group by 197.1% in the third quarter. Ieq Capital LLC now owns 195,779 shares of the insurance provider’s stock valued at $14,570,000 after acquiring an additional 129,872 shares in the last quarter. Focus Advisor Solutions LLC raised its holdings in American International Group by 410.1% in the third quarter. Focus Advisor Solutions LLC now owns 43,815 shares of the insurance provider’s stock valued at $3,261,000 after acquiring an additional 35,226 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in American International Group by 18.6% in the third quarter. Checchi Capital Advisers LLC now owns 5,319 shares of the insurance provider’s stock worth $396,000 after acquiring an additional 833 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in American International Group by 7.1% in the third quarter. Meeder Asset Management Inc. now owns 3,486 shares of the insurance provider’s stock worth $259,000 after acquiring an additional 230 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

More American International Group News

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: UBS raised its price target to $103 from $100 and reiterated a Buy rating, implying substantial upside from the reference price. UBS price target update
• Positive Sentiment: Director John Inglis bought 128 shares for about $10,036, increasing his ownership by 4.78%. The purchase is a modest positive insider signal. Director purchase details
• Positive Sentiment: KBW reaffirmed its Buy rating on AIG, adding to the supportive analyst commentary. KBW rating
• Neutral Sentiment: Morgan Stanley maintained its Hold rating, indicating a more cautious view rather than a fresh positive catalyst. Morgan Stanley rating
• Neutral Sentiment: Piper Sandler lifted its target to $85 from $84 but kept a Neutral rating, suggesting limited conviction despite the small increase. Piper Sandler target update

Wall Street Analysts Forecast Growth

AIG has been the subject of several recent research reports. Royal Bank Of Canada raised their price objective on shares of American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Bank of America reaffirmed a “neutral” rating on shares of American International Group in a research note on Wednesday, November 4th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Tuesday, September 29th. Wells Fargo & Company increased their target price on shares of American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, November 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $88.00.

About American International Group

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.