American International Group, Inc. $AIG Stock Purchased by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its position in American International Group, Inc. (NYSE:AIG) by 15.7% in the third quarter, HoldingsChannel reports. The firm owned 109,808 shares of the insurance provider’s stock after buying an additional 14,913 shares during the period. Leeward Investments LLC MA’s holdings in American International Group were worth $8,172,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AIG. Lee Danner & Bass Inc. increased its holdings in shares of American International Group by 194.2% during the 1st quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider’s stock worth $2,542,000 after buying an additional 22,300 shares during the last quarter. Swiss National Bank raised its position in shares of American International Group by 4.3% during the 1st quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock valued at $119,163,000 after buying an additional 65,400 shares during the period. Freestone Grove Partners LP raised its position in shares of American International Group by 51.5% during the 2nd quarter. Freestone Grove Partners LP now owns 1,925,980 shares of the insurance provider’s stock valued at $143,543,000 after buying an additional 655,065 shares during the period. KBC Group NV lifted its holdings in American International Group by 5.8% in the first quarter. KBC Group NV now owns 343,754 shares of the insurance provider’s stock valued at $25,868,000 after acquiring an additional 18,812 shares during the last quarter. Finally, State Street Corp lifted its holdings in American International Group by 0.8% in the second quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock valued at $1,871,852,000 after acquiring an additional 196,969 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

AIG has been the subject of several analyst reports. Cantor Fitzgerald lowered their price objective on American International Group from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Barclays lifted their target price on American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. Argus reaffirmed a “buy” rating and issued a $90.00 price target on shares of American International Group in a research note on Wednesday, September 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a report on Tuesday, September 29th. Finally, Keefe, Bruyette & Woods lowered their price target on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $87.68.

American International Group Price Performance

Shares of AIG opened at $81.25 on Monday. The firm has a 50-day simple moving average of $76.59 and a two-hundred day simple moving average of $76.83. The stock has a market cap of $42.49 billion, a PE ratio of 14.85, a P/E/G ratio of 0.85 and a beta of 0.52. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, topping 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 firm had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same period in the prior year, the business posted $1.81 EPS. As a group, analysts forecast that American International Group, Inc. will post 8.07 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, September 16th. American International Group’s dividend payout ratio (DPR) is 36.56%.

American International Group Company Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.