Supplemental Annuity Collective Trust of NJ Acquires New Shares in American International Group, Inc. (NYSE:AIG)

Supplemental Annuity Collective Trust of NJ acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the insurance provider’s stock, valued at approximately $203,000.

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

Wall Street Analyst Weigh In

A number of analysts recently commented on AIG shares. UBS Group lifted their target price on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Piper Sandler increased their price target on shares of American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. BMO Capital Markets dropped their price objective on American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Royal Bank of Canada raised their price target on shares of American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Eight analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average target price of $80.38.

American International Group Price Performance

American International Group stock traded down $0.16 during mid-day trading on Friday, reaching $74.47. The company had a trading volume of 5,027,158 shares, compared to its average volume of 3,936,687. The company has a market capitalization of $50.71 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.08 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50-day simple moving average is $74.61 and its 200-day simple moving average is $68.85. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95.

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

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

Insider Activity at American International Group

In other news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction that occurred on 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 sale, the chief executive officer now owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the purchase, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of the business’s 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 transaction, the chief executive officer now owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

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.