Monument Capital Management Grows Stake in American International Group, Inc. (NYSE:AIG)

Monument Capital Management increased its stake in American International Group, Inc. (NYSE:AIG) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,001 shares of the insurance provider’s stock after acquiring an additional 279 shares during the period. Monument Capital Management’s holdings in American International Group were worth $271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AIG. OFI Invest Asset Management bought a new stake in American International Group in the third quarter worth about $26,000. Headlands Technologies LLC bought a new stake in American International Group in the third quarter worth about $32,000. CNB Bank bought a new stake in American International Group in the third quarter worth about $42,000. SouthState Corp lifted its stake in American International Group by 41.7% in the third quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock worth $45,000 after purchasing an additional 217 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in American International Group by 41.7% in the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AIG. Piper Sandler raised their price objective on American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday. HSBC initiated coverage on American International Group in a research report on Thursday, December 28th. They set a “buy” rating and a $86.00 price target on the stock. Citigroup raised their price objective on American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Royal Bank of Canada increased their price target on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Wells Fargo & Company increased their price target on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.38.

Insider Buying and Selling

In other American International Group news, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares in the company, valued at approximately $49,682.01. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the sale, the chief executive officer now owns 505,420 shares of the company’s stock, valued at $38,346,215.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Inglis purchased 659 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is owned by company insiders.

American International Group Stock Up 1.0 %

Shares of AIG opened at $74.96 on Tuesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group, Inc. has a 12 month low of $48.95 and a 12 month high of $78.95. The stock’s 50 day moving average is $74.31 and its two-hundred day moving average is $68.66. The firm has a market cap of $51.04 billion, a P/E ratio of 15.02, a PEG ratio of 1.07 and a beta of 1.03.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, beating the consensus estimate of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the company earned $1.36 earnings per share. American International Group’s quarterly revenue was up .0% compared to the same quarter last year. Analysts predict that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s payout ratio is currently 28.86%.

American International Group 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.