10,427 American International Group, Inc. $AIG Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in American International Group, Inc. (NYSE:AIG) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,396,647 shares of the insurance provider’s stock after buying an additional 10,427 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.27% of American International Group worth $103,938,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP boosted its holdings in American International Group by 6.9% during the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after acquiring an additional 1,961,270 shares during the period. State Street Corp grew its position in shares of American International Group by 0.8% in the second quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock valued at $1,871,852,000 after purchasing an additional 196,969 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of American International Group by 6.1% in the first quarter. Bank of New York Mellon Corp now owns 8,237,375 shares of the insurance provider’s stock worth $619,862,000 after purchasing an additional 474,035 shares during the period. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of American International Group in the second quarter worth about $464,539,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of American International Group by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,142,278 shares of the insurance provider’s stock worth $462,147,000 after purchasing an additional 303,201 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In other news, insider Peter Zaffino sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total transaction of $15,294,000.00. Following the completion of the transaction, the insider directly owned 592,833 shares of the company’s stock, valued at approximately $45,333,939.51. This trade represents a 25.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.60% of the company’s stock.

American International Group Stock Performance

AIG opened at $81.76 on Thursday. The stock’s 50 day simple moving average is $76.35 and its 200-day simple moving average is $76.75. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $42.75 billion, a PE ratio of 14.95, a P/E/G ratio of 0.86 and a beta of 0.52. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29.

American International Group (NYSE:AIG) last issued its earnings results on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, topping the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.05% and a net margin of 11.13%. The firm had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the business earned $1.81 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 8.07 EPS for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were paid a $0.50 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. American International Group’s dividend payout ratio is currently 36.56%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AIG shares. UBS Group increased their target price on American International Group from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, October 6th. Royal Bank Of Canada raised their price target on shares of American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Mizuho dropped their price objective on shares of American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Barclays boosted their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Finally, Piper Sandler upped their price objective on shares of American International Group from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus price target of $87.68.

About American International Group

American International Group, Inc (NYSE:AIG) is a global insurance organization that provides property and casualty insurance products and related services to businesses, institutions, and individuals. Its offerings include commercial insurance, personal insurance, specialty coverage, accident and health products, and travel-related protection.

AIG serves customers through operations in the United States and international markets. Its commercial insurance business supports companies across industries with coverage such as property, casualty, liability, marine, and other specialty risks, while its personal insurance operations provide protection for individuals and families.

The company was founded in Shanghai in 1919 by Cornelius Vander Starr and is headquartered in New York City.