American International Group, Inc. $AIG Stock Bought by Brighton Jones LLC

Brighton Jones LLC raised its holdings in American International Group, Inc. (NYSE:AIG) by 40.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,702 shares of the insurance provider’s stock after acquiring an additional 7,405 shares during the period. Brighton Jones LLC’s holdings in American International Group were worth $1,913,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AIG. Bank of New York Mellon Corp acquired a new position in shares of American International Group during the 2nd quarter worth approximately $496,890,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of American International Group in the second quarter valued at approximately $464,539,000. Wellington Management Group LLP increased its holdings in shares of American International Group by 6.9% in the second quarter. Wellington Management Group LLP now owns 30,331,704 shares of the insurance provider’s stock valued at $2,260,622,000 after purchasing an additional 1,961,270 shares during the last quarter. Man Group plc lifted its position in American International Group by 104.6% during the second quarter. Man Group plc now owns 3,612,368 shares of the insurance provider’s stock worth $269,230,000 after buying an additional 1,847,194 shares in the last quarter. Finally, Bank of Nova Scotia lifted its position in American International Group by 131.5% during the second quarter. Bank of Nova Scotia now owns 1,175,453 shares of the insurance provider’s stock worth $87,607,000 after buying an additional 667,791 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price objective on American International Group from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 5th. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research report on Monday, October 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Tuesday, September 29th. Piper Sandler boosted their target price on shares of American International Group from $84.00 to $85.00 and gave the company a “neutral” rating in a report on Monday. Finally, Argus reissued a “buy” rating and issued a $90.00 price target on shares of American International Group in a research note on Wednesday, September 2nd. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, American International Group presently has a consensus rating of “Hold” and a consensus price target of $87.84.

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total value of $2,804,160.06. Following the transaction, the insider owned 556,004 shares of the company’s stock, valued at $42,334,144.56. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

American International Group Price Performance

AIG stock opened at $79.57 on Tuesday. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $41.61 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.85 and a beta of 0.48. The business has a fifty day moving average of $77.51 and a two-hundred day moving average of $76.98.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.88 by $0.18. The business had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.42 billion. American International Group had a return on equity of 10.73% and a net margin of 11.86%. During the same quarter in the prior year, the company posted $2.20 EPS. As a group, research analysts anticipate that American International Group, Inc. will post 8.10 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 16th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, December 16th. American International Group’s payout ratio is 32.57%.

About American International Group

American International Group, Inc (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets.

AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.

AIG provides insurance through its subsidiaries and operates across a range of markets worldwide.