Simplicity Solutions LLC Has $1.57 Million Stake in American International Group, Inc. (NYSE:AIG)

Simplicity Solutions LLC grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,231 shares of the insurance provider’s stock after acquiring an additional 724 shares during the period. Simplicity Solutions LLC’s holdings in American International Group were worth $1,574,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in American International Group in the third quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of American International Group in the 3rd quarter valued at about $32,000. CNB Bank bought a new stake in American International Group in the 3rd quarter valued at about $42,000. SouthState Corp raised its stake in American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock worth $45,000 after buying an additional 217 shares during the period. Finally, Blue Trust Inc. boosted its holdings in American International Group by 41.7% in the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 232 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Activity at American International Group

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. HSBC started coverage on American International Group in a research report on Thursday, December 28th. They set a “buy” rating and a $86.00 target price on the stock. UBS Group upped their price objective on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. upped their target price on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. BMO Capital Markets cut their price target on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. Finally, Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $77.00 in a research note on Tuesday, February 20th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $78.06.

American International Group Stock Performance

Shares of AIG stock opened at $73.05 on Tuesday. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $78.95. The firm’s 50-day simple moving average is $73.86 and its two-hundred day simple moving average is $68.17. The firm has a market cap of $49.74 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31.

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, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. American International Group’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities analysts forecast that American International Group, Inc. will post 7.11 earnings per share for the current year.

American International Group Dividend Announcement

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

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.