American International Group, Inc. (NYSE:AIG) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 882,196 shares of the insurance provider's stock after selling 29,115 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of American International Group worth $59,828,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Headlands Technologies LLC raised its position in American International Group by 3,037.9% during the fourth quarter. Headlands Technologies LLC now owns 16,725 shares of the insurance provider's stock valued at $1,133,000 after purchasing an additional 16,192 shares during the period. Kovack Advisors Inc. raised its holdings in American International Group by 13.3% during the 4th quarter. Kovack Advisors Inc. now owns 4,319 shares of the insurance provider's stock valued at $293,000 after buying an additional 507 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in American International Group during the 4th quarter valued at $247,000. VCI Wealth Management LLC bought a new stake in American International Group in the fourth quarter worth $704,000. Finally, Supplemental Annuity Collective Trust of NJ purchased a new position in American International Group during the fourth quarter worth $203,000. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AIG shares. BMO Capital Markets reduced their target price on shares of American International Group from $83.00 to $81.00 and set an "outperform" rating on the stock in a research note on Thursday, February 15th. JPMorgan Chase & Co. raised their price objective on shares of American International Group from $73.00 to $80.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Citigroup upped their target price on American International Group from $79.00 to $87.00 and gave the company a "buy" rating in a research note on Tuesday, April 16th. Piper Sandler increased their price target on American International Group from $87.00 to $89.00 and gave the stock an "overweight" rating in a report on Friday, April 19th. Finally, Royal Bank of Canada boosted their price objective on American International Group from $76.00 to $80.00 and gave the company an "outperform" rating in a report on Thursday, February 15th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.38.

American International Group Stock Up 1.6 %

Shares of AIG traded up $1.21 during mid-day trading on Monday, hitting $75.74. The company's stock had a trading volume of 3,872,363 shares, compared to its average volume of 3,938,726. 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 company's 50-day moving average is $74.70 and its 200-day moving average is $69.05. American International Group, Inc. has a 52-week low of $48.95 and a 52-week high of $78.95. The firm has a market capitalization of $51.58 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.07 and a beta of 1.03.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.20. The company had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. American International Group's revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.36 earnings per share. On average, equities research analysts forecast that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors 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 yield of 1.90%. The ex-dividend date was Wednesday, March 13th. American International Group's payout ratio is currently 28.86%.

Insider Buying and Selling at American International Group

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

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.