American International Group, Inc. (NYSE:AIG) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in American International Group, Inc. (NYSE:AIG) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 252,567 shares of the insurance provider’s stock after purchasing an additional 19,339 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American International Group were worth $17,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AIG. OFI Invest Asset Management acquired a new stake in shares of American International Group in the third quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of American International Group in the third quarter valued at approximately $32,000. CNB Bank acquired a new stake in shares of American International Group in the third quarter valued at approximately $42,000. SouthState Corp increased its stake in shares of American International Group by 41.7% in 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 period. Finally, Blue Trust Inc. increased its stake in shares of American International Group by 41.7% in 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 period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling

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

American International Group Trading Up 0.6 %

American International Group stock opened at $72.99 on Friday. The company has a 50 day moving average price of $74.10 and a 200 day moving average price of $68.33. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $49.70 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.05 and a beta of 1.03.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. During the same quarter last year, the business posted $1.36 EPS. The company’s revenue was up .0% on a year-over-year basis. Research analysts forecast that American International Group, Inc. will post 7.05 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is 28.86%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. TD Cowen initiated coverage on shares of American International Group in a research note on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price objective on the stock. Piper Sandler reiterated an “overweight” rating and set a $87.00 price objective on shares of American International Group in a research note on Monday, April 1st. Finally, Citigroup raised their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.06.

American International Group Company 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.