Investors bought shares of American International Group, Inc. (NYSE:AIG) on weakness during trading hours on Friday. $71.15 million flowed into the stock on the tick-up and $21.00 million flowed out of the stock on the tick-down, for a money net flow of $50.15 million into the stock. Of all stocks tracked, American International Group had the 7th highest net in-flow for the day. American International Group traded down ($0.03) for the day and closed at $64.20

AIG has been the subject of several analyst reports. TheStreet raised shares of American International Group from a “c” rating to a “b-” rating in a report on Wednesday, May 3rd. Wells Fargo & Company reaffirmed a “buy” rating on shares of American International Group in a report on Thursday, April 20th. Vetr raised shares of American International Group from a “buy” rating to a “strong-buy” rating and set a $72.50 price objective for the company in a report on Tuesday, March 28th. Morgan Stanley raised shares of American International Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $62.87 to $61.82 in a report on Tuesday, May 16th. Finally, Zacks Investment Research downgraded shares of American International Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $65.15.

The company has a 50-day moving average price of $63.59 and a 200 day moving average price of $63.21. The firm has a market cap of $59.43 billion, a P/E ratio of 130.49 and a beta of 1.13.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, May 3rd. The insurance provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.25. American International Group had a net margin of 1.00% and a return on equity of 5.36%. The business had revenue of $11.31 billion during the quarter, compared to analyst estimates of $11 billion. During the same quarter last year, the business earned $0.65 earnings per share. On average, equities analysts forecast that American International Group, Inc. will post $5.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were given a dividend of $0.32 per share. The ex-dividend date was Monday, June 12th. This represents a $1.28 annualized dividend and a yield of 1.99%. American International Group’s dividend payout ratio (DPR) is currently 412.92%.

American International Group declared that its board has approved a stock buyback plan on Wednesday, May 3rd that allows the company to buyback $2.50 billion in shares. This buyback authorization allows the insurance provider to reacquire up to 4.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other American International Group news, CEO Brian Duperreault acquired 80,000 shares of the stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of $61.48 per share, for a total transaction of $4,918,400.00. Following the completion of the transaction, the chief executive officer now directly owns 80,000 shares of the company’s stock, valued at $4,918,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AIG. Lincluden Management Ltd. increased its stake in shares of American International Group by 4.9% in the fourth quarter. Lincluden Management Ltd. now owns 161,215 shares of the insurance provider’s stock valued at $10,529,000 after buying an additional 7,459 shares in the last quarter. Wealthfront Inc. increased its stake in shares of American International Group by 38.3% in the fourth quarter. Wealthfront Inc. now owns 16,873 shares of the insurance provider’s stock valued at $1,102,000 after buying an additional 4,670 shares in the last quarter. Orbis Allan Gray Ltd increased its stake in shares of American International Group by 74.5% in the fourth quarter. Orbis Allan Gray Ltd now owns 3,446,372 shares of the insurance provider’s stock valued at $225,083,000 after buying an additional 1,471,384 shares in the last quarter. Whalerock Point Partners LLC increased its stake in shares of American International Group by 1.8% in the fourth quarter. Whalerock Point Partners LLC now owns 19,647 shares of the insurance provider’s stock valued at $1,283,000 after buying an additional 350 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in shares of American International Group by 3.4% in the fourth quarter. Teachers Advisors LLC now owns 3,083,144 shares of the insurance provider’s stock valued at $201,360,000 after buying an additional 102,720 shares in the last quarter. Institutional investors and hedge funds own 86.16% of the company’s stock.

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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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