193,763 American International Group, Inc. $AIG Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its position in American International Group, Inc. (NYSE:AIG) by 75.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 451,471 shares of the insurance provider’s stock after acquiring an additional 193,763 shares during the period. Pictet Asset Management Holding SA owned about 0.09% of American International Group worth $33,598,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Swiss National Bank raised its stake in American International Group by 4.3% in the first quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock valued at $119,163,000 after buying an additional 65,400 shares during the period. Freestone Grove Partners LP lifted its position in shares of American International Group by 51.5% in the second quarter. Freestone Grove Partners LP now owns 1,925,980 shares of the insurance provider’s stock valued at $143,543,000 after buying an additional 655,065 shares during the last quarter. KBC Group NV boosted its stake in shares of American International Group by 5.8% during the 1st quarter. KBC Group NV now owns 343,754 shares of the insurance provider’s stock worth $25,868,000 after acquiring an additional 18,812 shares during the period. Apollon Wealth Management LLC boosted its stake in shares of American International Group by 66.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 25,593 shares of the insurance provider’s stock worth $1,905,000 after acquiring an additional 10,245 shares during the period. Finally, State Street Corp boosted its stake in shares of American International Group by 0.8% during the 2nd quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock worth $1,871,852,000 after acquiring an additional 196,969 shares during the period. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group News Roundup

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: UBS raised its price target to $103 from $100 and reiterated a Buy rating, implying substantial upside from the reference price. UBS price target update
• Positive Sentiment: Director John Inglis bought 128 shares for about $10,036, increasing his ownership by 4.78%. The purchase is a modest positive insider signal. Director purchase details
• Positive Sentiment: KBW reaffirmed its Buy rating on AIG, adding to the supportive analyst commentary. KBW rating
• Neutral Sentiment: Morgan Stanley maintained its Hold rating, indicating a more cautious view rather than a fresh positive catalyst. Morgan Stanley rating
• Neutral Sentiment: Piper Sandler lifted its target to $85 from $84 but kept a Neutral rating, suggesting limited conviction despite the small increase. Piper Sandler target update

Insiders Place Their Bets

In other news, insider Peter Zaffino sold 36,829 shares of American International Group stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the completion of the sale, the insider owned 556,004 shares of the company’s stock, valued at approximately $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent analyst reports. Cantor Fitzgerald decreased their target price on American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, August 17th. Royal Bank Of Canada raised their price target on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. UBS Group lifted their price objective on shares of American International Group from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday. Barclays upped their price objective on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on shares of American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, November 5th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, American International Group has a consensus rating of “Hold” and an average price target of $88.00.

American International Group Trading Up 3.3%

Shares of AIG stock opened at $82.28 on Wednesday. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29. The company has a market capitalization of $42.66 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.48. The firm has a 50 day moving average price of $77.63 and a two-hundred day moving average price of $77.03. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

American International Group (NYSE:AIG) last posted its 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 company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.42 billion. American International Group had a return on equity of 10.86% and a net margin of 11.86%. During the same quarter in the prior year, the business earned $2.20 earnings per share. As a group, analysts predict that American International Group, Inc. will post 8.13 earnings per share for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group’s dividend payout ratio is currently 32.57%.

American International Group Profile

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.