American International Group, Inc. (NYSE:AIG) Holdings Lifted by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 0.6% in the third quarter, Holdings Channel.com reports. The fund owned 689,488 shares of the insurance provider’s stock after buying an additional 3,948 shares during the quarter. American International Group comprises about 1.0% of Ferguson Wellman Capital Management Inc.’s holdings, making the stock its 29th biggest position. Ferguson Wellman Capital Management Inc.’s holdings in American International Group were worth $50,491,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc acquired a new position in American International Group in the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC boosted its position in shares of American International Group by 199.2% in the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after buying an additional 239 shares during the period. Y.D. More Investments Ltd acquired a new position in American International Group during the second quarter valued at $27,000. Versant Capital Management Inc lifted its stake in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group during the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. Barclays assumed coverage on shares of American International Group in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 target price for the company. TD Cowen cut their price target on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research note on Tuesday, August 13th. Evercore ISI lowered their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Piper Sandler reduced their price target on American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, StockNews.com raised American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.13.

Insider Buying and Selling at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Down 0.3 %

AIG stock traded down $0.25 during trading hours on Thursday, reaching $75.84. 98,734 shares of the stock were exchanged, compared to its average volume of 4,107,247. The firm’s 50-day moving average is $75.09 and its 200-day moving average is $75.68. American International Group, Inc. has a 12 month low of $63.39 and a 12 month high of $80.83. The company has a market cap of $47.31 billion, a price-to-earnings ratio of -22.45, a PEG ratio of 7.41 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter in the previous year, the firm posted $1.61 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 5.13 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

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.