Wilmington Savings Fund Society FSB Acquires Shares of 13,722 American International Group, Inc. (NYSE:AIG)

Wilmington Savings Fund Society FSB bought a new position in American International Group, Inc. (NYSE:AIG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,722 shares of the insurance provider’s stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc acquired a new stake in shares of American International Group during the 3rd quarter worth approximately $26,000. Y.D. More Investments Ltd acquired a new stake in American International Group during the second quarter valued at $27,000. True Wealth Design LLC purchased a new position in American International Group in the third quarter valued at $29,000. Continuum Advisory LLC increased its holdings in American International Group by 60.7% in the third quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of American International Group in the third quarter worth about $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Up 0.6 %

AIG stock opened at $72.87 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $76.03 and a two-hundred day moving average of $75.20. American International Group, Inc. has a 12 month low of $65.69 and a 12 month high of $80.83. The company has a market cap of $45.45 billion, a price-to-earnings ratio of -21.50, a PEG ratio of 7.30 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the firm earned $1.61 earnings per share. As a group, analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. American International Group’s dividend payout ratio is presently -47.20%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Evercore ISI cut their price target on American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods cut their price objective on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. Barclays initiated coverage on American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 target price on the stock. BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Finally, Bank of America increased their price objective on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and a consensus target price of $84.80.

Insider Activity

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the sale, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.61% of the company’s stock.

American International Group 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.