B. Metzler seel. Sohn & Co. AG Grows Position in American International Group, Inc. $AIG

B. Metzler seel. Sohn & Co. AG grew its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 84.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,506 shares of the insurance provider's stock after buying an additional 15,825 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in American International Group were worth $2,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AIG. Norges Bank purchased a new position in shares of American International Group during the 4th quarter valued at approximately $636,782,000. Swiss National Bank raised its holdings in American International Group by 4.3% in the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider's stock valued at $119,163,000 after acquiring an additional 65,400 shares in the last quarter. Lee Danner & Bass Inc. raised its holdings in American International Group by 194.2% in the first quarter. Lee Danner & Bass Inc. now owns 33,781 shares of the insurance provider's stock valued at $2,542,000 after acquiring an additional 22,300 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in American International Group by 4.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,156,343 shares of the insurance provider's stock worth $97,445,000 after acquiring an additional 50,775 shares in the last quarter. Finally, Generali Asset Management SPA SGR grew its holdings in American International Group by 493.8% during the 4th quarter. Generali Asset Management SPA SGR now owns 41,083 shares of the insurance provider's stock worth $3,515,000 after acquiring an additional 34,164 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 200,000 shares of American International Group stock in a transaction that occurred on 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company's stock.

American International Group Price Performance

Shares of NYSE AIG opened at $76.18 on Friday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The firm's 50-day simple moving average is $77.96 and its 200 day simple moving average is $76.99. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $39.83 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.86 and a beta of 0.50.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.08. The firm had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same quarter in the prior year, the firm posted $1.81 EPS. Equities analysts expect that American International Group, Inc. will post 8.02 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Wednesday, September 16th. American International Group's dividend payout ratio (DPR) is presently 36.56%.

Analyst Upgrades and Downgrades

AIG has been the topic of several research analyst reports. Mizuho increased their price target on shares of American International Group from $86.00 to $89.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Piper Sandler upped their price target on American International Group from $80.00 to $84.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. HSBC reduced their price objective on American International Group from $94.00 to $88.00 and set a "buy" rating on the stock in a research note on Monday, July 6th. Argus reaffirmed a "buy" rating and issued a $90.00 price target on shares of American International Group in a report on Wednesday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of American International Group from $95.00 to $96.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Eight research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, American International Group presently has an average rating of "Hold" and an average target price of $88.37.

American International Group Company 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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