American International Group, Inc. (NYSE:AIG) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its stake in American International Group, Inc. (NYSE:AIG) by 6.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,997 shares of the insurance provider’s stock after acquiring an additional 6,291 shares during the period. Daiwa Securities Group Inc.’s holdings in American International Group were worth $7,396,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AIG. Swedbank AB acquired a new position in American International Group in the first quarter valued at approximately $99,951,000. Diamond Hill Capital Management Inc. boosted its stake in American International Group by 5.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock valued at $1,002,163,000 after acquiring an additional 722,237 shares during the period. Bank of Montreal Can boosted its stake in American International Group by 83.6% in the second quarter. Bank of Montreal Can now owns 1,312,741 shares of the insurance provider’s stock valued at $97,825,000 after acquiring an additional 597,765 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in American International Group by 66.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,104,172 shares of the insurance provider’s stock valued at $80,858,000 after acquiring an additional 438,918 shares during the period. Finally, Marshall Wace LLP boosted its stake in American International Group by 2,493.5% in the second quarter. Marshall Wace LLP now owns 349,341 shares of the insurance provider’s stock valued at $25,935,000 after acquiring an additional 335,871 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

NYSE AIG opened at $75.98 on Tuesday. The stock has a market capitalization of $47.39 billion, a P/E ratio of -22.41, a P/E/G ratio of 7.54 and a beta of 1.05. American International Group, Inc. has a 1 year low of $64.54 and a 1 year high of $80.83. The business’s fifty day moving average is $75.56 and its two-hundred day moving average is $75.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. On average, research 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date is Monday, December 16th. American International Group’s payout ratio is -47.20%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America boosted their price objective on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. TD Cowen reduced their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Wells Fargo & Company reduced their price objective on American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. BMO Capital Markets downgraded American International Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Finally, UBS Group boosted their price objective on American International Group from $84.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $84.80.

Insiders Place Their Bets

In other news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

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.