Founders Financial Securities LLC Boosts Stock Position in American International Group, Inc. (NYSE:AIG)

Founders Financial Securities LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 3.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,189 shares of the insurance provider’s stock after acquiring an additional 319 shares during the period. Founders Financial Securities LLC’s holdings in American International Group were worth $682,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of AIG. Norges Bank acquired a new position in American International Group in the fourth quarter valued at $746,005,000. Swedbank AB acquired a new position in American International Group in the first quarter valued at $99,951,000. Canada Pension Plan Investment Board boosted its stake in American International Group by 98.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,893,990 shares of the insurance provider’s stock valued at $148,053,000 after acquiring an additional 941,607 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in American International Group by 95.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,221,724 shares of the insurance provider’s stock valued at $82,772,000 after acquiring an additional 597,661 shares in the last quarter. Finally, Third Point LLC boosted its stake in American International Group by 16.9% in the fourth quarter. Third Point LLC now owns 3,450,000 shares of the insurance provider’s stock valued at $233,738,000 after acquiring an additional 500,000 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. BMO Capital Markets upped their price objective on shares of American International Group from $88.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Evercore ISI decreased their target price on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating for the company in a research note on Thursday, June 27th. Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Wells Fargo & Company cut their price target on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, TD Cowen cut their price target on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $83.47.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 1,932,609 shares of American International Group stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the sale, the insider now owns 292,271,027 shares of the company’s stock, valued at approximately $8,534,313,988.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $76.69 on Thursday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $49.38 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 3.84 and a beta of 1.07. The firm’s fifty day simple moving average is $75.09 and its 200 day simple moving average is $75.55. American International Group, Inc. has a twelve month low of $57.72 and a twelve month high of $80.83.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). The business had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 EPS. As a group, equities research analysts expect that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.09%. American International Group’s payout ratio is 23.88%.

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.