Canada Post Corp Registered Pension Plan Has $1.62 Million Stock Holdings in American International Group, Inc. $AIG

Canada Post Corp Registered Pension Plan decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 52.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,652 shares of the insurance provider’s stock after selling 22,665 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in American International Group were worth $1,622,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of American International Group during the 2nd quarter worth approximately $787,724,000. Viking Global Investors LP acquired a new position in American International Group during the second quarter worth $155,413,000. Franklin Resources Inc. lifted its holdings in shares of American International Group by 6.1% during the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after acquiring an additional 716,209 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of American International Group by 21.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,341,348 shares of the insurance provider’s stock valued at $285,986,000 after purchasing an additional 600,629 shares in the last quarter. Finally, HRT Financial LP boosted its stake in shares of American International Group by 117.8% in the 2nd quarter. HRT Financial LP now owns 1,109,634 shares of the insurance provider’s stock valued at $94,973,000 after purchasing an additional 600,061 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AIG has been the subject of several analyst reports. Barclays cut their price target on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating for the company in a report on Thursday, January 8th. Cantor Fitzgerald reduced their target price on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. Bank of America dropped their price target on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Piper Sandler increased their target price on American International Group from $88.00 to $95.00 and gave the stock an “overweight” rating in a report on Monday, December 22nd. Finally, Jefferies Financial Group upped their price target on shares of American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, American International Group has an average rating of “Hold” and a consensus target price of $87.42.

American International Group Trading Up 1.0%

Shares of AIG opened at $76.71 on Friday. The stock’s fifty day simple moving average is $78.87 and its 200-day simple moving average is $78.91. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $41.39 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.58 and a beta of 0.61. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $88.07.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.