8,111 Shares in American International Group, Inc. $AIG Purchased by West Family Investments Inc.

West Family Investments Inc. bought a new stake in shares of American International Group, Inc. (NYSE:AIG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,111 shares of the insurance provider’s stock, valued at approximately $605,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AIG. Modus Advisors LLC acquired a new position in American International Group during the fourth quarter worth about $27,000. Navalign LLC acquired a new stake in American International Group in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. purchased a new position in American International Group in the 4th quarter worth approximately $29,000. SHP Wealth Management purchased a new position in American International Group in the 4th quarter worth approximately $34,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of AIG opened at $75.81 on Thursday. The company has a market cap of $39.64 billion, a P/E ratio of 13.86, a PEG ratio of 0.69 and a beta of 0.53. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average price is $77.67 and its 200 day moving average price is $76.96.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The company had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter last year, the company posted $1.81 EPS. On average, research analysts forecast that American International Group, Inc. will post 8.01 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. American International Group’s dividend payout ratio (DPR) is 36.56%.

Insider Buying and Selling

In related news, insider Peter Zaffino sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the sale, the insider directly owned 592,833 shares in the company, valued at approximately $45,333,939.51. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price target on American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Citigroup lifted their price objective on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Weiss Ratings raised American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Wells Fargo & Company dropped their target price on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, August 10th. Finally, UBS Group raised their target price on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Seven investment analysts have rated the stock with a Buy rating and twelve have assigned 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 $88.28.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.