American International Group, Inc. (NYSE:AIG) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its holdings in American International Group, Inc. (NYSE:AIG) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 824,008 shares of the insurance provider’s stock after selling 125,375 shares during the quarter. Ensign Peak Advisors Inc owned about 0.13% of American International Group worth $59,988,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Duncker Streett & Co. Inc. acquired a new stake in shares of American International Group during the fourth quarter worth about $25,000. Asset Planning Inc acquired a new stake in American International Group during the 4th quarter worth approximately $26,000. BankPlus Trust Department purchased a new position in shares of American International Group in the 4th quarter valued at approximately $36,000. Whipplewood Advisors LLC acquired a new position in shares of American International Group in the fourth quarter valued at approximately $40,000. Finally, Fortitude Family Office LLC raised its stake in shares of American International Group by 58.3% during the fourth quarter. Fortitude Family Office LLC now owns 570 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 210 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 0.7 %

AIG stock opened at $82.39 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $88.07. The firm has a market capitalization of $47.48 billion, a PE ratio of -39.61, a P/E/G ratio of 1.01 and a beta of 0.69. The company’s 50 day simple moving average is $82.30 and its 200-day simple moving average is $77.51.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.89 billion. During the same quarter last year, the business posted $1.25 earnings per share. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.45 dividend. This is an increase from American International Group’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.80 annualized dividend and a yield of 2.18%. American International Group’s payout ratio is presently -67.67%.

Insider Buying and Selling at American International Group

In related news, EVP Christopher Flatt sold 46,182 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares of the company’s stock, valued at approximately $1,781,764. This represents a 68.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John G. Rice bought 10,000 shares of the stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares in the company, valued at $770,000. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AIG shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $91.00 price objective (up from $83.00) on shares of American International Group in a research report on Tuesday, April 8th. Wells Fargo & Company boosted their price target on shares of American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Hsbc Global Res upgraded shares of American International Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. UBS Group lowered their price objective on American International Group from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on American International Group to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, April 2nd. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $87.88.

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.