Ceredex Value Advisors LLC Acquires New Shares in American International Group, Inc. $AIG

Ceredex Value Advisors LLC bought a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 294,550 shares of the insurance provider's stock, valued at approximately $21,953,000. Ceredex Value Advisors LLC owned about 0.06% of American International Group at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AIG. Algebris UK Ltd. boosted its stake in shares of American International Group by 98.4% during the 2nd quarter. Algebris UK Ltd. now owns 1,235,231 shares of the insurance provider's stock worth $91,772,000 after acquiring an additional 612,790 shares in the last quarter. West Family Investments Inc. acquired a new position in shares of American International Group during the 2nd quarter valued at about $605,000. NewEdge Wealth LLC raised its stake in shares of American International Group by 36.4% in the 2nd quarter. NewEdge Wealth LLC now owns 6,425 shares of the insurance provider's stock valued at $479,000 after acquiring an additional 1,714 shares in the last quarter. Essential Partners LLC lifted its holdings in American International Group by 9,057.1% in the 2nd quarter. Essential Partners LLC now owns 1,282 shares of the insurance provider's stock worth $96,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Danske Bank A S lifted its holdings in American International Group by 4.1% in the 2nd quarter. Danske Bank A S now owns 345,819 shares of the insurance provider's stock worth $25,774,000 after purchasing an additional 13,500 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Insider Activity

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 transaction of $15,294,000.00. Following the completion of the transaction, the insider owned 592,833 shares of the company's stock, valued at approximately $45,333,939.51. This represents a 25.23% decrease in their ownership of the stock. The sale was disclosed in a 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 Down 0.1%

AIG opened at $75.59 on Friday. The business has a 50 day moving average of $77.68 and a 200-day moving average of $76.97. The stock has a market capitalization of $39.53 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 0.69 and a beta of 0.53. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. 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 - Get Free Report) last announced its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.92 by $0.08. The business had revenue of $7.08 billion for 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 previous year, the firm posted $1.81 earnings per share. As a group, sell-side analysts anticipate that American International Group, Inc. will post 8.01 earnings per share for the current year.

American International Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have commented on AIG. Mizuho increased their price target on American International Group from $86.00 to $89.00 and gave the company a "neutral" rating in a report on Thursday, July 9th. The Goldman Sachs Group boosted their price objective on shares of American International Group from $85.00 to $88.00 and gave the stock a "buy" rating in a research note on Wednesday, July 1st. Barclays raised their target price on shares of 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. BMO Capital Markets lifted their target price on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Finally, Weiss Ratings raised shares of American International Group from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 2nd. Seven research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $88.28.

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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