Zurcher Kantonalbank Zurich Cantonalbank Acquires 19,339 Shares of American International Group, Inc. (NYSE:AIG)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American International Group, Inc. (NYSE:AIG - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 252,567 shares of the insurance provider's stock after buying an additional 19,339 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in American International Group were worth $17,111,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. OFI Invest Asset Management acquired a new stake in shares of American International Group during the third quarter worth $26,000. Headlands Technologies LLC acquired a new stake in shares of American International Group during the third quarter worth $32,000. CNB Bank acquired a new stake in shares of American International Group during the third quarter worth $42,000. SouthState Corp boosted its holdings in shares of American International Group by 41.7% during the third quarter. SouthState Corp now owns 737 shares of the insurance provider's stock worth $45,000 after purchasing an additional 217 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of American International Group by 41.7% during the fourth quarter. Blue Trust Inc. now owns 788 shares of the insurance provider's stock worth $53,000 after purchasing an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen assumed coverage on American International Group in a report on Wednesday, January 10th. They set a "market perform" rating and a $78.00 price objective on the stock. Piper Sandler increased their target price on American International Group from $87.00 to $89.00 and gave the stock an "overweight" rating in a research report on Friday. Wells Fargo & Company increased their target price on American International Group from $74.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 11th. Morgan Stanley increased their target price on American International Group from $72.00 to $79.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, UBS Group increased their target price on American International Group from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $79.18.

Insider Transactions at American International Group

In other American International Group news, Director John C. Inglis bought 659 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at $38,346,215.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Inglis purchased 659 shares of the firm's stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now directly owns 659 shares of the company's stock, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company's stock.

American International Group Stock Up 1.7 %

NYSE:AIG traded up $1.24 during mid-day trading on Friday, hitting $74.23. The company had a trading volume of 3,477,742 shares, compared to its average volume of 3,981,875. American International Group, Inc. has a 1 year low of $48.95 and a 1 year high of $78.95. The firm has a market capitalization of $50.55 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 1.03 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $74.21 and a 200-day simple moving average of $68.43.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the previous year, the company earned $1.36 earnings per share. The company's revenue for the quarter was up .0% compared to the same quarter last year. Equities analysts forecast that American International Group, Inc. will post 7.03 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group's payout ratio is 28.86%.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.