Harel Insurance Investments & Financial Services Ltd. Buys Shares of 6,500 American International Group, Inc. $AIG

Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,500 shares of the insurance provider’s stock, valued at approximately $556,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of American International Group by 11.6% during the third quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after acquiring an additional 7,117,583 shares in the last quarter. Capital Research Global Investors increased its position in shares of American International Group by 79.6% during the third quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock valued at $2,241,091,000 after acquiring an additional 12,645,616 shares in the last quarter. Wellington Management Group LLP increased its position in shares of American International Group by 7.9% during the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock valued at $2,045,657,000 after acquiring an additional 1,899,203 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock valued at $951,230,000 after acquiring an additional 499,330 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of American International Group by 22.0% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock valued at $805,529,000 after buying an additional 1,846,979 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Key Stories Impacting American International Group

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: Goldman Sachs raised its price target to $90 (from $87) and kept a “buy” rating — a bullish signal implying roughly a mid-teens upside and providing analyst support for the stock. Goldman Sachs PT Raise
• Positive Sentiment: Mizuho raised its price target to $86 (from $84) and left a “neutral” rating — a modest upward revision that signals incremental analyst confidence in AIG’s outlook. Mizuho PT Raise
• Positive Sentiment: AIG agreed to sell about 25 million Corebridge Financial (CRBG) shares — its remaining stake — for roughly $710 million, expected to close May 7. The transaction converts an equity holding into cash, reduces corporate complexity and strengthens liquidity/capital flexibility (uses of proceeds not detailed). AIG Corebridge Stake Sale
• Neutral Sentiment: Wells Fargo trimmed its price target slightly to $85 (from $86) and maintained an “equal weight” rating — a modest adjustment that is neither a strong negative nor a clear positive for the stock. Wells Fargo PT Cut

American International Group Stock Down 1.0%

American International Group stock opened at $77.67 on Thursday. The stock has a market cap of $41.18 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 0.76 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.65. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.46. The stock has a fifty day moving average of $76.77 and a 200 day moving average of $77.77.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $7.02 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter in the prior year, the business earned $1.17 earnings per share. As a group, sell-side analysts predict that American International Group, Inc. will post 7.86 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AIG shares. Cantor Fitzgerald lifted their price objective on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a report on Monday. Bank of America reduced their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Evercore reduced their price objective on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Piper Sandler cut their target price on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Finally, Morgan Stanley cut their target price on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.94.

American International Group 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.