American International Group, Inc. (NYSE:AIG) Shares Purchased by Quent Capital LLC

Quent Capital LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,834 shares of the insurance provider’s stock after buying an additional 146 shares during the quarter. Quent Capital LLC’s holdings in American International Group were worth $285,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its stake in American International Group by 5.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 136 shares during the last quarter. Sage Mountain Advisors LLC raised its stake in American International Group by 2.3% during the 1st quarter. Sage Mountain Advisors LLC now owns 6,700 shares of the insurance provider’s stock valued at $524,000 after purchasing an additional 148 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in American International Group by 0.6% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 25,011 shares of the insurance provider’s stock valued at $1,694,000 after purchasing an additional 154 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in American International Group by 0.9% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 18,553 shares of the insurance provider’s stock valued at $1,257,000 after purchasing an additional 157 shares during the last quarter. Finally, New Republic Capital LLC raised its stake in American International Group by 5.2% during the 1st quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock valued at $257,000 after purchasing an additional 164 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Insider Activity

In other American International Group news, major shareholder International Group American sold 30,000,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $29.20, for a total transaction of $876,000,000.00. Following the transaction, the insider now directly owns 294,203,636 shares in the company, valued at approximately $8,590,746,171.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder International Group American sold 30,000,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $29.20, for a total transaction of $876,000,000.00. Following the transaction, the insider now directly owns 294,203,636 shares in the company, valued at approximately $8,590,746,171.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W Don Cornwell 1,000 shares of American International Group stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Corporate insiders own 0.61% of the company’s stock.

American International Group Stock Performance

AIG stock traded up $1.08 during trading on Tuesday, reaching $71.24. The stock had a trading volume of 4,411,217 shares, compared to its average volume of 4,243,331. American International Group, Inc. has a 52 week low of $57.02 and a 52 week high of $80.83. The stock’s 50 day moving average is $75.78 and its two-hundred day moving average is $74.86. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.05. The firm has a market cap of $47.28 billion, a PE ratio of 10.47, a PEG ratio of 2.48 and a beta of 1.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The company had revenue of $1.00 million during the quarter, compared to analysts’ expectations of $11.64 billion. American International Group had a positive return on equity of 9.37% and a negative net margin of 1.54%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.75 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 6.4 earnings per share for the current year.

American International Group announced that its board has approved a stock buyback program on Wednesday, May 1st that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the insurance provider to repurchase up to 19.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler cut their target price on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday. Evercore ISI decreased their price objective on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, June 27th. Citigroup cut their target price on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. Morgan Stanley cut their price target on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, HSBC downgraded shares of American International Group from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $83.47.

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.