Fulcrum Asset Management LLP Buys 19,440 Shares of American International Group, Inc. $AIG

Fulcrum Asset Management LLP purchased a new position in American International Group, Inc. (NYSE:AIG) during the third quarter, HoldingsChannel.com reports. The fund purchased 19,440 shares of the insurance provider’s stock, valued at approximately $1,463,000.

Several other large investors have also bought and sold shares of AIG. First Bancorp Inc ME purchased a new position in American International Group in the second quarter worth about $30,000. Fiduciary Financial Advisors purchased a new stake in American International Group during the second quarter valued at $34,000. Center for Financial Planning Inc. lifted its stake in shares of American International Group by 52.0% in the 3rd quarter. Center for Financial Planning Inc. now owns 456 shares of the insurance provider’s stock worth $34,000 after purchasing an additional 156 shares during the period. Elevation Wealth Partners LLC raised its position in American International Group by 71.6% in the third quarter. Elevation Wealth Partners LLC now owns 556 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 232 shares during the period. Finally, WealthCollab LLC purchased a new position in American International Group during the first quarter valued at $51,000. 90.60% of the stock is owned by institutional investors.

American International Group Stock Performance

American International Group stock opened at $82.81 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $42.93 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 0.87 and a beta of 0.48. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.29. The company’s 50-day moving average is $77.77 and its 200 day moving average is $77.08.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18. The firm had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.42 billion. American International Group had a net margin of 11.86% and a return on equity of 10.86%. During the same period in the previous year, the firm earned $2.20 earnings per share. Research analysts forecast that American International Group, Inc. will post 8.13 EPS for the current year.

American International Group Announces Dividend

The firm 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.57%.

Analysts Set New Price Targets

AIG has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target 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. Piper Sandler boosted their price objective on American International Group from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday. Bank of America reaffirmed a “neutral” rating on shares of American International Group in a research note on Wednesday, November 4th. Mizuho cut their target price on American International Group from $85.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, Keefe, Bruyette & Woods decreased their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Eight investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, American International Group has an average rating of “Hold” and a consensus price target of $88.00.

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.