Xponance Inc. Boosts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Xponance Inc. boosted its position in American International Group, Inc. (NYSE:AIG) by 1.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,133 shares of the insurance provider’s stock after buying an additional 1,832 shares during the quarter. Xponance Inc.’s holdings in American International Group were worth $6,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in American International Group by 0.7% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 79,200 shares of the insurance provider’s stock worth $5,365,000 after acquiring an additional 512 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in shares of American International Group by 1.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 93,758 shares of the insurance provider’s stock worth $6,352,000 after purchasing an additional 1,632 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of American International Group by 8.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 252,567 shares of the insurance provider’s stock valued at $17,111,000 after purchasing an additional 19,339 shares during the period. LifePlan Financial LLC purchased a new stake in shares of American International Group during the 4th quarter valued at approximately $875,000. Finally, Carnegie Capital Asset Management LLC boosted its holdings in American International Group by 18.8% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 5,685 shares of the insurance provider’s stock worth $385,000 after buying an additional 900 shares during the period. 90.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling at American International Group

In related 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 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 approximately $38,346,215.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John C. Inglis acquired 659 shares of the stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $75.39 per share, with a total value of $49,682.01. Following 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. Insiders own 0.61% of the company’s stock.

American International Group Price Performance

Shares of AIG stock opened at $74.23 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market cap of $50.55 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.03 and a beta of 1.03. The business’s 50 day moving average price is $74.21 and its 200-day moving average price is $68.43. American International Group, Inc. has a fifty-two week low of $48.95 and a fifty-two week high of $78.95.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. During the same period in the previous year, the firm earned $1.36 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. On average, equities research analysts anticipate that American International Group, Inc. will post 7.03 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.36 dividend. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.94%. American International Group’s dividend payout ratio (DPR) is 28.86%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Evercore ISI lifted their price target on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a research report on Thursday, April 11th. Morgan Stanley lifted their price objective on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Piper Sandler upped their target price on American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets dropped their price target on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Finally, TD Cowen started coverage on shares of American International Group in a research report on Wednesday, January 10th. They issued a “market perform” rating and a $78.00 price objective on the stock. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $79.18.

About American International Group

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.