Sumitomo Mitsui DS Asset Management Company Ltd Purchases 963 Shares of American International Group, Inc. (NYSE:AIG)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of American International Group, Inc. (NYSE:AIG) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,678 shares of the insurance provider’s stock after acquiring an additional 963 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in American International Group were worth $5,762,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc bought a new stake in shares of American International Group during the 3rd quarter valued at about $26,000. Fortitude Family Office LLC boosted its holdings in shares of American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after buying an additional 239 shares in the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of American International Group during the 2nd quarter worth approximately $27,000. Valued Wealth Advisors LLC increased its stake in shares of American International Group by 303.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 276 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 339 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 8,032,129 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

American International Group Price Performance

NYSE AIG opened at $78.55 on Friday. The stock has a market capitalization of $52.13 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 3.88 and a beta of 1.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The business’s fifty day moving average price is $74.43 and its 200-day moving average price is $75.50. American International Group, Inc. has a 1-year low of $58.69 and a 1-year high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The company had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter last year, the firm posted $1.75 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. On average, equities analysts predict that American International Group, Inc. will post 5.09 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date of this dividend was Monday, September 16th. American International Group’s dividend payout ratio is currently 23.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AIG shares. Keefe, Bruyette & Woods reduced their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Evercore ISI reduced their target price 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. TD Cowen dropped their price target on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Barclays started 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. Finally, Bank of America lifted their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, American International Group has a consensus rating of “Hold” and a consensus target price of $84.38.

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.