American International Group, Inc. $AIG Stock Holdings Boosted by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its position in shares of American International Group, Inc. (NYSE:AIGFree Report) by 21.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 141,330 shares of the insurance provider’s stock after purchasing an additional 25,400 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in American International Group were worth $11,100,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of AIG. Westfuller Advisors LLC bought a new stake in American International Group in the third quarter worth about $26,000. Atlantic Union Bankshares Corp grew its stake in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares during the last quarter. Eastern Bank raised its holdings in shares of American International Group by 2,473.3% in the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in American International Group during the second quarter valued at approximately $32,000. Finally, Motco grew its position in American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after buying an additional 380 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

More American International Group News

Here are the key news stories impacting American International Group this week:

Wall Street Analyst Weigh In

AIG has been the subject of several research reports. The Goldman Sachs Group raised their price objective on American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Piper Sandler dropped their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday. Bank of America decreased their target price on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. Barclays dropped their target price on shares of American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, HSBC upped their price target on shares of American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $87.32.

Get Our Latest Report on American International Group

American International Group Stock Performance

Shares of AIG opened at $78.26 on Friday. The company has a market capitalization of $42.23 billion, a PE ratio of 14.44, a PEG ratio of 0.59 and a beta of 0.61. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The company’s 50 day moving average price is $78.89 and its 200 day moving average price is $78.83. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $88.07.

American International Group (NYSE:AIGGet Free Report) last issued its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.78%. The company had revenue of $6.55 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the business posted $1.30 EPS. Research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s dividend payout ratio is presently 33.21%.

About American International Group

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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