American International Group, Inc. (NYSE:AIG) Major Shareholder Sells $144,300,000.00 in Stock

American International Group, Inc. (NYSE:AIG) major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

International Group American also recently made the following trade(s):

• On Wednesday, August 7th, International Group American sold 8,032,129 shares of American International Group stock. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10.
• On Tuesday, July 2nd, International Group American sold 1,932,609 shares of American International Group stock. The stock was sold at an average price of $29.20, for a total transaction of $56,432,182.80.

American International Group Price Performance

NYSE:AIG opened at $73.88 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. The company has a 50-day moving average of $74.62 and a 200-day moving average of $75.67. American International Group, Inc. has a 52 week low of $57.72 and a 52 week high of $80.83. The company has a market capitalization of $49.03 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 3.60 and a beta of 1.06.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.75 EPS. As a group, equities research analysts anticipate that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio is 23.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. JPMorgan Chase & Co. raised their target price on American International Group from $80.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. TD Cowen cut their price target on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Tuesday, July 9th. Finally, Bank of America boosted their target price on shares of American International Group from $81.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $83.88.

Institutional Trading of American International Group

A number of large investors have recently bought and sold shares of the stock. Capital Research Global Investors boosted its stake in shares of American International Group by 0.4% in the 4th quarter. Capital Research Global Investors now owns 41,770,175 shares of the insurance provider’s stock valued at $2,829,930,000 after purchasing an additional 176,286 shares in the last quarter. Putnam Investments LLC lifted its holdings in American International Group by 3.8% during the 4th quarter. Putnam Investments LLC now owns 8,245,693 shares of the insurance provider’s stock valued at $558,646,000 after purchasing an additional 300,712 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in American International Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider’s stock valued at $477,802,000 after buying an additional 269,188 shares in the last quarter. Clearbridge Investments LLC grew its stake in American International Group by 0.6% during the first quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider’s stock worth $425,273,000 after buying an additional 31,340 shares during the last quarter. Finally, Third Point LLC increased its holdings in shares of American International Group by 16.9% during the fourth quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock worth $233,738,000 after buying an additional 500,000 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

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.