American International Group (NYSE:AIG) Insider Peter Zaffino Sells 36,829 Shares of Stock

American International Group, Inc. (NYSE:AIG) insider Peter Zaffino sold 36,829 shares of the business’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the completion of the transaction, the insider owned 556,004 shares in the company, valued at $42,334,144.56. The trade was a 6.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Peter Zaffino also recently made the following trade(s):

• On Wednesday, August 12th, Peter Zaffino sold 200,000 shares of American International Group stock. The stock was sold at an average price of $76.47, for a total transaction of $15,294,000.00.

American International Group Trading Down 0.1%

Shares of NYSE AIG traded down $0.09 during trading hours on Thursday, hitting $76.05. The company’s stock had a trading volume of 2,132,257 shares, compared to its average volume of 3,466,259. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $39.77 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.70 and a beta of 0.53. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The business has a 50-day simple moving average of $77.55 and a 200-day simple moving average of $76.90.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.03% and a net margin of 11.13%.The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same quarter in the prior year, the company posted $1.81 EPS. On average, analysts anticipate that American International Group, Inc. will post 8.01 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s payout ratio is presently 36.56%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their target price on shares of American International Group from $86.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Citigroup raised their target price on shares of American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Mizuho boosted their price target on American International Group from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. BMO Capital Markets upped their price target on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Finally, The Goldman Sachs Group lifted their price objective on American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus price target of $88.39.

Institutional Investors Weigh In On American International Group

A number of institutional investors have recently made changes to their positions in the company. Modus Advisors LLC bought a new position in American International Group in the 4th quarter valued at approximately $27,000. Navalign LLC purchased a new position in shares of American International Group in the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of American International Group during the fourth quarter valued at $29,000. SHP Wealth Management purchased a new stake in shares of American International Group during the fourth quarter valued at $34,000. Finally, CENTRAL TRUST Co increased its holdings in American International Group by 48.7% in the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.