American International Group, Inc. $AIG Stock Holdings Boosted by Howard Capital Management LLC

Howard Capital Management LLC grew its position in shares of American International Group, Inc. (NYSE:AIG) by 2,455.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 87,117 shares of the insurance provider’s stock after buying an additional 83,708 shares during the quarter. Howard Capital Management LLC’s holdings in American International Group were worth $6,483,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Daytona Street Capital LLC lifted its holdings in American International Group by 6.7% in the 3rd quarter. Daytona Street Capital LLC now owns 6,400 shares of the insurance provider’s stock worth $482,000 after buying an additional 400 shares during the period. Assenagon Asset Management S.A. grew its position in shares of American International Group by 115.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 608,522 shares of the insurance provider’s stock worth $45,286,000 after buying an additional 326,351 shares during the last quarter. Mather Group LLC. increased its stake in shares of American International Group by 4.2% during the third quarter. Mather Group LLC. now owns 12,124 shares of the insurance provider’s stock valued at $902,000 after buying an additional 492 shares during the period. Fortitude Family Office LLC raised its holdings in shares of American International Group by 89.5% during the third quarter. Fortitude Family Office LLC now owns 1,266 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 598 shares in the last quarter. Finally, Consilium Wealth Advisory LLC raised its holdings in shares of American International Group by 2.9% during the third quarter. Consilium Wealth Advisory LLC now owns 12,325 shares of the insurance provider’s stock valued at $917,000 after acquiring an additional 348 shares in the last quarter. 90.60% of the stock is owned by institutional investors.

Insider Transactions at American International Group

In related news, insider Peter Zaffino sold 200,000 shares of the business’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 sale, the insider owned 592,833 shares of the company’s stock, valued at $45,333,939.51. The trade was a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AIG has been the subject of a number of research analyst reports. Royal Bank Of Canada raised their price target on American International Group from $85.00 to $87.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Cantor Fitzgerald reduced their price objective on shares of American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. HSBC decreased their price objective on shares of American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 6th. The Goldman Sachs Group raised their target price on shares of American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.68.

American International Group Stock Up 1.9%

AIG traded up $1.48 during trading on Friday, reaching $80.60. The stock had a trading volume of 5,410,074 shares, compared to its average volume of 4,878,225. 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 company has a market capitalization of $42.14 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 0.83 and a beta of 0.52. The stock’s 50 day moving average is $76.09 and its two-hundred day moving average is $76.60. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29.

American International Group (NYSE:AIG) last announced its earnings results on Friday, August 7th. The insurance provider reported $2.00 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a net margin of 11.13% and a return on equity of 11.05%. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.25 billion. During the same quarter in the previous year, the business posted $1.81 EPS. As a group, analysts expect that American International Group, Inc. will post 8.07 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 16th. American International Group’s dividend payout ratio (DPR) is 36.56%.

American International Group Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization whose principal operating business is general insurance. Through its property and casualty operations, AIG provides commercial and personal insurance products, including coverage for businesses, multinational companies, individuals, and specialty risks. Its offerings include property, casualty, liability, marine, aviation, cyber, accident, and travel insurance, along with other risk-management solutions.

AIG serves customers through a network spanning approximately 190 countries and jurisdictions.