Optas LLC Raises Stake in American International Group, Inc. (NYSE:AIG)

Optas LLC boosted its position in American International Group, Inc. (NYSE:AIG) by 20.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,550 shares of the insurance provider’s stock after buying an additional 601 shares during the period. Optas LLC’s holdings in American International Group were worth $260,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc purchased a new stake in American International Group in the third quarter valued at approximately $26,000. Fortitude Family Office LLC boosted its position in American International Group by 199.2% in the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after buying an additional 239 shares during the last quarter. Y.D. More Investments Ltd purchased a new stake in American International Group in the second quarter valued at approximately $27,000. Versant Capital Management Inc boosted its position in American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in American International Group by 241.6% in the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AIG shares. JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lowered their price objective on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Piper Sandler decreased their target price on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Jefferies Financial Group increased their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, TD Cowen decreased their target price on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $84.38.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.61% of the stock is owned by insiders.

American International Group Stock Down 0.2 %

Shares of AIG opened at $75.72 on Monday. American International Group, Inc. has a 52-week low of $62.52 and a 52-week high of $80.83. The company has a market capitalization of $48.76 billion, a PE ratio of -58.70, a price-to-earnings-growth ratio of 5.23 and a beta of 1.05. The stock has a fifty day simple moving average of $75.09 and a two-hundred day simple moving average of $75.61. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22.

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.