Investors Sell Shares of American International Group (AIG) on Strength (AIG)
Traders sold shares of American International Group Inc (NYSE:AIG) on strength during trading on Monday. $28.16 million flowed into the stock on the tick-up and $88.93 million flowed out of the stock on the tick-down, for a money net flow of $60.77 million out of the stock. Of all equities tracked, American International Group had the 0th highest net out-flow for the day. American International Group traded up $0.19 for the day and closed at $59.58
Several analysts have weighed in on the company. Bank of America cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price target on the stock. in a report on Friday, November 3rd. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Wells Fargo & Company set a $75.00 price target on American International Group and gave the company a “buy” rating in a report on Tuesday, October 17th. Barclays lowered their price target on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 16th. Finally, B. Riley reaffirmed a “neutral” rating on shares of American International Group in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $67.70.
The firm has a market capitalization of $53,389.17, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 1.96 and a beta of 1.17. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 annualized dividend and a yield of 2.15%. American International Group’s payout ratio is -51.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AustralianSuper Pty Ltd bought a new position in American International Group during the 3rd quarter worth approximately $19,817,000. Parametric Portfolio Associates LLC grew its position in American International Group by 6.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 3,033,249 shares of the insurance provider’s stock worth $186,211,000 after acquiring an additional 195,747 shares during the last quarter. AXA grew its position in American International Group by 121.8% during the 3rd quarter. AXA now owns 912,168 shares of the insurance provider’s stock worth $55,998,000 after acquiring an additional 500,990 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in American International Group by 121.9% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 15,631,331 shares of the insurance provider’s stock worth $959,607,000 after acquiring an additional 8,586,682 shares during the last quarter. Finally, Knightsbridge Asset Management LLC grew its position in American International Group by 2.2% during the 3rd quarter. Knightsbridge Asset Management LLC now owns 155,243 shares of the insurance provider’s stock worth $9,530,000 after acquiring an additional 3,368 shares during the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.
American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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