American International Group, Inc. (NYSE:AIG) Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in American International Group, Inc. (NYSE:AIG) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,548 shares of the insurance provider’s stock after purchasing an additional 416 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American International Group were worth $5,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AIG. OFI Invest Asset Management acquired a new position in American International Group in the third quarter worth approximately $26,000. Headlands Technologies LLC acquired a new position in shares of American International Group in the 3rd quarter worth $32,000. CNB Bank acquired a new stake in shares of American International Group during the third quarter worth $42,000. SouthState Corp lifted its holdings in shares of American International Group by 41.7% during the third quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 217 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of American International Group by 41.7% during the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 232 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Trading Up 1.0 %

Shares of AIG opened at $74.96 on Tuesday. The stock’s 50-day moving average price is $74.31 and its 200 day moving average price is $68.66. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $51.04 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company posted $1.36 earnings per share. American International Group’s revenue was up .0% on a year-over-year basis. As a group, research analysts predict that American International Group, Inc. will post 6.95 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.92%. American International Group’s dividend payout ratio (DPR) is currently 28.86%.

Wall Street Analyst Weigh In

AIG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price objective on American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. UBS Group upped their price target on shares of American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Piper Sandler boosted their target price on shares of American International Group from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup increased their target price on American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Morgan Stanley upped their price target on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.38.

Insider Activity at American International Group

In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director John C. Inglis acquired 659 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Peter Zaffino sold 333,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is currently owned by insiders.

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.