American International Group, Inc. (NYSE:AIG) Shares Acquired by M&T Bank Corp

M&T Bank Corp lifted its holdings in American International Group, Inc. (NYSE:AIG) by 329.0% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,964 shares of the insurance provider’s stock after purchasing an additional 75,894 shares during the period. M&T Bank Corp’s holdings in American International Group were worth $7,247,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc acquired a new position in shares of American International Group in the third quarter worth $26,000. Y.D. More Investments Ltd acquired a new position in American International Group during the 2nd quarter worth $27,000. True Wealth Design LLC purchased a new stake in American International Group during the 3rd quarter worth about $29,000. Continuum Advisory LLC raised its position in American International Group by 60.7% in the 3rd quarter. Continuum Advisory LLC now owns 548 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of American International Group in the 3rd quarter valued at about $46,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised shares of American International Group from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $90.00 to $84.00 in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price target on shares of American International Group in a report on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on 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. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $84.80.

American International Group Trading Up 2.3 %

Shares of American International Group stock opened at $72.69 on Monday. The company’s fifty day moving average is $75.62 and its two-hundred day moving average is $74.97. American International Group, Inc. has a 1 year low of $65.78 and a 1 year high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $45.34 billion, a P/E ratio of -21.44, a PEG ratio of 7.30 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 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 firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the business earned $1.61 EPS. Analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

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