Syon Capital LLC Purchases 3,093 Shares of American International Group, Inc. (NYSE:AIG)

Syon Capital LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 76.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,165 shares of the insurance provider’s stock after acquiring an additional 3,093 shares during the period. Syon Capital LLC’s holdings in American International Group were worth $485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in AIG. OFI Invest Asset Management purchased a new stake in shares of American International Group in the 3rd quarter worth approximately $26,000. Headlands Technologies LLC purchased a new stake in American International Group during the third quarter worth $32,000. CNB Bank bought a new stake in American International Group during the 3rd quarter valued at $42,000. SouthState Corp increased its holdings in shares of American International Group by 41.7% in the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 217 shares during the period. Finally, Blue Trust Inc. raised its position in shares of American International Group by 41.7% in the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AIG shares. Wells Fargo & Company raised their price objective on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Bank of America downgraded shares of American International Group from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $75.00 to $77.00 in a research report on Tuesday, February 20th. Keefe, Bruyette & Woods increased their target price on shares of American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a report on Monday, April 8th. Finally, Citigroup increased their price objective on American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and a consensus price target of $80.38.

Insider Buying and Selling at American International Group

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

American International Group Trading Down 0.2 %

Shares of NYSE:AIG opened at $74.47 on Friday. The business has a 50-day moving average price of $74.70 and a 200-day moving average price of $68.94. The stock has a market cap of $50.71 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 52-week low of $48.95 and a 52-week high of $78.95. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44.

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

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.93%. American International Group’s dividend payout ratio is presently 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.