7,074 Shares in American International Group, Inc. (NYSE:AIG) Bought by Rathbones Group PLC

Rathbones Group PLC bought a new position in American International Group, Inc. (NYSE:AIG – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 7,074 shares of the insurance provider’s stock, valued at approximately $356,000.

A number of other large investors also recently modified their holdings of AIG. Thompson Investment Management Inc. bought a new position in American International Group during the 1st quarter valued at $28,000. Avalon Trust Co bought a new position in American International Group during the 1st quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in American International Group during the 1st quarter valued at $43,000. Motco bought a new position in American International Group during the 4th quarter valued at $53,000. Finally, AM Squared Ltd bought a new position in American International Group during the 4th quarter valued at $63,000. 88.57% of the stock is currently owned by institutional investors.

Insider Transactions at American International Group

In other news, CAO Kathleen Carbone sold 7,757 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.30, for a total transaction of $475,504.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Kathleen Carbone sold 7,757 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $61.30, for a total transaction of $475,504.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder International Group American sold 74,750,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $16.25, for a total value of $1,214,687,500.00. Following the transaction, the insider now directly owns 426,395,000 shares of the company’s stock, valued at approximately $6,928,918,750. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,739,975 shares of company stock valued at $1,395,423,079. 0.49% of the stock is owned by corporate insiders.

American International Group Trading Up 0.3 %

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Shares of AIG opened at $58.52 on Friday. The business’s 50-day moving average price is $58.86 and its 200-day moving average price is $55.75. American International Group, Inc. has a twelve month low of $45.66 and a twelve month high of $64.88. The stock has a market cap of $41.66 billion, a PE ratio of 9.90, a P/E/G ratio of 0.86 and a beta of 1.13. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

American International Group (NYSE:AIG – Get Free Report) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.21. American International Group had a return on equity of 9.28% and a net margin of 8.94%. The firm had revenue of $13.22 billion for the quarter, compared to analysts’ expectations of $12.28 billion. During the same period in the prior year, the business posted $1.19 earnings per share. On average, equities analysts forecast that American International Group, Inc. will post 6.71 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, September 14th. American International Group’s payout ratio is 24.37%.

Analyst Ratings Changes

Several equities analysts have weighed in on AIG shares. Barclays raised their price objective on American International Group from $58.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, August 4th. TheStreet raised American International Group from a “c+” rating to a “b-” rating in a research report on Friday, June 23rd. BMO Capital Markets decreased their target price on American International Group from $65.00 to $63.00 and set a “market perform” rating for the company in a research report on Thursday, August 24th. StockNews.com began coverage on American International Group in a research report on Thursday, August 17th. They set a “hold” rating for the company. Finally, Wells Fargo & Company raised their target price on American International Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 15th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $68.00.

View Our Latest Research Report on AIG

About American International Group

(Free Report)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. 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.