Amundi Purchases 94,947 Shares of American International Group, Inc. $AIG

Amundi raised its position in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,920,533 shares of the insurance provider's stock after buying an additional 94,947 shares during the period. Amundi owned about 0.37% of American International Group worth $143,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Modus Advisors LLC bought a new stake in shares of American International Group during the fourth quarter valued at approximately $27,000. Navalign LLC bought a new position in American International Group in the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new position in American International Group in the 4th quarter valued at $29,000. First Bancorp Inc ME acquired a new stake in shares of American International Group in the 2nd quarter valued at $30,000. Finally, SHP Wealth Management acquired a new position in American International Group during the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley dropped their price target on shares of American International Group from $82.00 to $81.00 and set an "equal weight" rating for the company in a research note on Wednesday, August 12th. JPMorgan Chase & Co. lifted their target price on shares of American International Group from $86.00 to $90.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. Royal Bank Of Canada upped their target price on shares of American International Group from $85.00 to $87.00 and gave the company a "sector perform" rating in a research report on Monday, August 10th. Barclays increased their price target on American International Group from $80.00 to $81.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Finally, Wells Fargo & Company lowered their price target on American International Group from $89.00 to $85.00 and set an "equal weight" rating for the company in a research note on Monday, August 10th. Eight research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $88.37.

American International Group Trading Down 2.0%

NYSE AIG opened at $74.71 on Wednesday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. 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 stock's 50 day moving average price is $77.98 and its two-hundred day moving average price is $76.92. The stock has a market capitalization of $39.07 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.85 and a beta of 0.50.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, topping the consensus estimate 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 company 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 EPS. As a group, analysts anticipate that American International Group, Inc. will post 8.02 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group's dividend payout ratio is 36.56%.

Insider Buying and Selling at American International Group

In other news, insider Peter Zaffino sold 200,000 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $76.47, for a total value of $15,294,000.00. Following the sale, the insider directly owned 592,833 shares of the company's stock, valued at approximately $45,333,939.51. This represents a 25.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by corporate insiders.

American International Group 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.

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