Catalyst Capital Advisors LLC Buys New Shares in American International Group, Inc. (NYSE:AIG)

Catalyst Capital Advisors LLC bought a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,859 shares of the insurance provider’s stock, valued at approximately $136,000.

Several other large investors have also recently bought and sold shares of AIG. Swedbank AB acquired a new position in American International Group during the 1st quarter valued at $99,951,000. Canada Pension Plan Investment Board increased its holdings in American International Group by 98.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock valued at $148,053,000 after buying an additional 941,607 shares during the period. Bank of Montreal Can increased its holdings in American International Group by 83.6% in the 2nd quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after buying an additional 597,765 shares during the period. Senator Investment Group LP increased its holdings in American International Group by 41.0% in the 1st quarter. Senator Investment Group LP now owns 1,517,466 shares of the insurance provider’s stock valued at $118,620,000 after buying an additional 441,048 shares during the period. Finally, National Bank of Canada FI increased its holdings in American International Group by 171.9% in the 1st quarter. National Bank of Canada FI now owns 640,971 shares of the insurance provider’s stock valued at $51,348,000 after buying an additional 405,230 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AIG shares. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Tuesday, July 9th. Bank of America boosted their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Evercore ISI lowered their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Citigroup lowered their target price on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Finally, Piper Sandler cut their price target on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $84.38.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.61% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $75.39 on Wednesday. The stock has a market cap of $48.55 billion, a price-to-earnings ratio of -58.44, a P/E/G ratio of 5.21 and a beta of 1.05. American International Group, Inc. has a 12-month low of $62.52 and a 12-month high of $80.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. The business’s 50-day simple moving average is $75.14 and its 200 day simple moving average is $75.64.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. During the same period in the previous year, the business posted $1.61 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 4.99 earnings per share for the current year.

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.