Auxano Advisors LLC Makes New $1.17 Million Investment in American International Group, Inc. (NYSE:AIG)

Auxano Advisors LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 17,290 shares of the insurance provider’s stock, valued at approximately $1,171,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management bought a new position in American International Group during the third quarter worth about $26,000. Headlands Technologies LLC bought a new position in shares of American International Group in the third quarter valued at approximately $32,000. CNB Bank bought a new position in shares of American International Group in the third quarter valued at approximately $42,000. SouthState Corp boosted its position in shares of American International Group by 41.7% in the third 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. boosted its position in shares of American International Group by 41.7% in the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 232 shares during the period. Institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In related news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly 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 at the SEC website. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction on Friday, March 15th. The shares were 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 directly 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 Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Inglis bought 659 shares of the firm’s 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 transaction, the director now owns 659 shares of the company’s stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AIG shares. Keefe, Bruyette & Woods raised their price objective 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. Citigroup lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Piper Sandler lifted their price target on shares of American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. UBS Group lifted their price target on shares of American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, TD Cowen began coverage on shares of American International Group in a research note on Wednesday, January 10th. They set a “market perform” rating and a $78.00 price target on the stock. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.38.

American International Group Stock Performance

NYSE AIG traded down $0.43 on Tuesday, reaching $75.31. 3,313,165 shares of the stock were exchanged, compared to its average volume of 3,931,068. American International Group, Inc. has a one year low of $48.95 and a one year high of $78.95. The firm has a market capitalization of $51.28 billion, a PE ratio of 15.18, a PEG ratio of 1.07 and a beta of 1.03. The company’s 50-day simple moving average is $74.81 and its two-hundred day simple moving average is $69.15. 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 (NYSE:AIG) last announced its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. During the same period last year, the firm posted $1.36 EPS. The company’s revenue was up .0% on a year-over-year basis. Analysts expect that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Wednesday, March 13th. American International Group’s dividend payout ratio (DPR) 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.