Borer Denton & Associates Inc. Takes Position in American International Group, Inc. (NYSE:AIG)

Borer Denton & Associates Inc. purchased a new position in American International Group, Inc. (NYSE:AIG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,925 shares of the insurance provider’s stock, valued at approximately $361,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIG. Forum Financial Management LP grew its position in shares of American International Group by 1.1% in the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after purchasing an additional 128 shares in the last quarter. Quent Capital LLC raised its stake in American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock worth $285,000 after purchasing an additional 146 shares during the period. EagleClaw Capital Managment LLC boosted its holdings in American International Group by 0.5% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after purchasing an additional 150 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of American International Group by 4.9% in the 1st quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider’s stock valued at $276,000 after buying an additional 165 shares during the period. Finally, Graypoint LLC increased its holdings in shares of American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after buying an additional 167 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AIG. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Keefe, Bruyette & Woods reduced their target price on American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. TD Cowen lowered their price target on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company reduced their price objective on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. Finally, Evercore ISI decreased their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.80.

American International Group Price Performance

American International Group stock opened at $76.06 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52-week low of $64.54 and a 52-week high of $80.83. The firm has a market cap of $47.44 billion, a PE ratio of -22.44, a price-to-earnings-growth ratio of 7.52 and a beta of 1.05. The company’s 50 day moving average is $75.50 and its two-hundred day moving average is $75.59.

American International Group (NYSE:AIG) last announced its quarterly earnings data 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 business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period last year, the firm earned $1.61 earnings per share. On average, research analysts expect that American International Group, Inc. will post 5.13 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s payout ratio is presently -47.20%.

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.