10,393 Shares in American International Group, Inc. (NYSE:AIG) Bought by VCI Wealth Management LLC

VCI Wealth Management LLC purchased a new position in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,393 shares of the insurance provider’s stock, valued at approximately $704,000.

Several other hedge funds have also recently made changes to their positions in AIG. LSV Asset Management raised its stake in shares of American International Group by 13.2% in the third quarter. LSV Asset Management now owns 5,496,879 shares of the insurance provider’s stock valued at $333,111,000 after buying an additional 639,079 shares during the period. FMR LLC raised its stake in shares of American International Group by 5.0% in the third quarter. FMR LLC now owns 12,745,085 shares of the insurance provider’s stock valued at $772,352,000 after buying an additional 604,901 shares during the period. Invesco Ltd. raised its stake in shares of American International Group by 3.0% in the third quarter. Invesco Ltd. now owns 17,085,545 shares of the insurance provider’s stock valued at $1,035,384,000 after buying an additional 503,547 shares during the period. Westfield Capital Management Co. LP raised its stake in shares of American International Group by 55.3% in the third quarter. Westfield Capital Management Co. LP now owns 1,336,355 shares of the insurance provider’s stock valued at $80,983,000 after buying an additional 476,104 shares during the period. Finally, Adams Diversified Equity Fund Inc. bought a new stake in shares of American International Group in the third quarter valued at $25,549,000. 90.60% of the stock is currently owned by institutional investors.

Insider Transactions at American International Group

In other news, Director John C. Inglis acquired 659 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was purchased at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the acquisition, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John C. Inglis bought 659 shares of the stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $75.39 per share, with a total value of $49,682.01. Following the purchase, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Company insiders own 0.61% of the company’s stock.

American International Group Price Performance

Shares of AIG traded down $0.35 during midday trading on Thursday, reaching $74.62. The stock had a trading volume of 2,986,588 shares, compared to its average volume of 3,925,945. The company’s 50-day moving average is $74.52 and its 200 day moving average is $68.81. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $50.81 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03.

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

American International Group Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley lifted their price target on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $77.00 in a research report on Tuesday, February 20th. HSBC assumed coverage on American International Group in a research report on Thursday, December 28th. They issued a “buy” rating and a $86.00 price target for the company. Wells Fargo & Company lifted their price target on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Finally, Piper Sandler lifted their price target on American International Group from $87.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.38.

About American International Group

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.