American International Group, Inc. $AIG Shares Newly Acquired by Vise Technologies Inc.

Key Points

• Vise Technologies acquired 29,463 AIG shares in the third quarter, worth approximately $2.19 million; institutional investors collectively own 90.6% of the company.
• AIG reported third-quarter EPS of $2.06, beating the $1.88 analyst consensus, with premium growth and investment income helping offset catastrophe losses. However, General Insurance underwriting income fell 29%.
• AIG declared a quarterly dividend of $0.50 per share, or $2.00 annualized, representing a yield of about 2.5% at the cited share price.

Vise Technologies Inc. bought a new stake in American International Group, Inc. (NYSE:AIG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,463 shares of the insurance provider's stock, valued at approximately $2,193,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Bancorp Inc ME acquired a new stake in shares of American International Group during the 2nd quarter worth about $30,000. Fiduciary Financial Advisors purchased a new stake in shares of American International Group during the second quarter worth about $34,000. Center for Financial Planning Inc. raised its position in shares of American International Group by 52.0% in the third quarter. Center for Financial Planning Inc. now owns 456 shares of the insurance provider's stock valued at $34,000 after buying an additional 156 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of American International Group by 71.6% in the third quarter. Elevation Wealth Partners LLC now owns 556 shares of the insurance provider's stock valued at $41,000 after buying an additional 232 shares during the last quarter. Finally, Cedar Mountain Advisors LLC purchased a new position in shares of American International Group during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Key Stories Impacting American International Group

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

• Positive Sentiment: AIG’s third-quarter earnings beat estimates by 11.4%, with premium growth and higher investment income helping offset elevated catastrophe losses. The company reported EPS of $2.06 versus the $1.88 consensus. AIG Q3 Earnings Beat Estimates on Strong Premium Growth
• Positive Sentiment: The insurer declared a quarterly dividend of $0.50 per share, equivalent to $2.00 annually and a roughly 2.5% yield at the cited share price, supporting its appeal to income-focused investors.
• Neutral Sentiment: Wells Fargo raised its price target from $83 to $85 but kept an “equal weight” rating, indicating modest upside in its view without a stronger bullish endorsement. Wells Fargo recommendations
• Negative Sentiment: General Insurance underwriting income fell 29% in the quarter, with storms and other catastrophe losses weighing on results. That weakness could offset the earnings beat and raise concerns about underwriting profitability. AIG’s General Insurance Q3 Underwriting Income Down 29%

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AIG. Cantor Fitzgerald decreased their target price 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. JPMorgan Chase & Co. boosted their price target on American International Group from $86.00 to $90.00 and gave the company a "neutral" rating in a report on Monday, July 20th. Argus reissued a "buy" rating and set a $90.00 price target on shares of American International Group in a research note on Wednesday, September 2nd. Piper Sandler raised their price objective on American International Group from $80.00 to $84.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Finally, Mizuho lowered their price objective on American International Group from $85.00 to $83.00 and set a "neutral" rating for the company in a research report on Wednesday, October 7th. Eight analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $87.79.

Insider Buying and Selling at American International Group

In related news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction on 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 transaction, the insider owned 592,833 shares in the company, valued at approximately $45,333,939.51. The trade was a 25.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 Down 1.0%

AIG opened at $80.86 on Friday. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The firm has a 50 day moving average price of $77.44 and a 200 day moving average price of $76.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The company has a market cap of $42.28 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 0.85 and a beta of 0.48.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.18. American International Group had a net margin of 11.86% and a return on equity of 10.73%. The firm had revenue of $7.44 billion for the quarter, compared to analysts' expectations of $7.42 billion. During the same period in the previous year, the company posted $2.20 earnings per share. Sell-side analysts expect that American International Group, Inc. will post 8.10 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group's dividend payout ratio (DPR) is currently 32.57%.

American International Group Profile

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.

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