193,763 American International Group, Inc. $AIG Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 75.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 451,471 shares of the insurance provider’s stock after acquiring an additional 193,763 shares during the period. Pictet Asset Management Holding SA’s holdings in American International Group were worth $33,598,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of American International Group by 6.9% during the 2nd quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after acquiring an additional 1,961,270 shares during the period. State Street Corp grew its holdings in shares of American International Group by 0.8% during the 2nd quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock worth $1,871,852,000 after purchasing an additional 196,969 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of American International Group by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock worth $619,862,000 after purchasing an additional 474,035 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of American International Group in the second quarter worth $464,539,000. Finally, Dimensional Fund Advisors LP increased its position in shares of American International Group by 5.2% in the first quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock worth $462,147,000 after purchasing an additional 303,201 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In related news, insider Peter Zaffino sold 36,829 shares of American International Group stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the sale, the insider directly owned 556,004 shares of the company’s stock, valued at approximately $42,334,144.56. The trade was a 6.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $82.28 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.60 and a current ratio of 0.60. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The stock has a market capitalization of $42.66 billion, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.48. The stock has a fifty day moving average of $77.63 and a 200-day moving average of $77.03.

American International Group (NYSE:AIG) last released its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share for the quarter, beating 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 business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same period last year, the firm posted $2.20 earnings per share. On average, sell-side analysts expect that American International Group, Inc. will post 8.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AIG shares. Cantor Fitzgerald dropped their price target on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. UBS Group raised their target price on shares of American International Group from $100.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday. Piper Sandler boosted their target price on shares of American International Group from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Wells Fargo & Company upped their price target 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. Eight equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and an average price target of $88.00.

Key Headlines Impacting American International Group

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

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.