American International Group, Inc. (NYSE:AIG) Shares Sold by Privium Fund Management B.V.

Privium Fund Management B.V. reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,489 shares of the insurance provider’s stock after selling 1,052 shares during the quarter. Privium Fund Management B.V.’s holdings in American International Group were worth $639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AIG. Fortitude Family Office LLC raised its stake in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 239 shares in the last quarter. Rise Advisors LLC acquired a new position in American International Group in the first quarter valued at $29,000. Valued Wealth Advisors LLC increased its stake in American International Group by 303.3% in the first quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 276 shares during the period. Versant Capital Management Inc increased its stake in American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 339 shares during the period. Finally, CENTRAL TRUST Co increased its stake in American International Group by 123.8% in the first quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 250 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In other American International Group news, major shareholder International Group American sold 1,932,609 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total value of $56,432,182.80. Following the sale, the insider now owns 292,271,027 shares of the company’s stock, valued at $8,534,313,988.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 39,964,738 shares of company stock valued at $1,132,432,195 over the last quarter. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. TD Cowen dropped their price objective on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Piper Sandler dropped their price objective on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Evercore ISI dropped their price target on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, June 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $83.47.

American International Group Price Performance

AIG stock traded up $0.93 during trading on Friday, reaching $77.05. 4,385,393 shares of the company were exchanged, compared to its average volume of 3,632,101. The company has a market cap of $49.62 billion, a P/E ratio of 11.50, a PEG ratio of 3.84 and a beta of 1.07. American International Group, Inc. has a 52-week low of $57.72 and a 52-week high of $80.83. The stock’s 50 day moving average price is $74.99 and its 200 day moving average price is $75.41. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.75 EPS. As a group, analysts predict that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s dividend payout ratio (DPR) is presently 23.88%.

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.