American International Group, Inc. (NYSE:AIG) Stake Increased by Czech National Bank

Czech National Bank increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,469 shares of the insurance provider’s stock after buying an additional 2,945 shares during the quarter. Czech National Bank’s holdings in American International Group were worth $9,389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of AIG. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of American International Group by 3.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,973 shares of the insurance provider’s stock worth $8,399,000 after purchasing an additional 4,089 shares in the last quarter. Bleakley Financial Group LLC raised its holdings in shares of American International Group by 3.8% during the fourth quarter. Bleakley Financial Group LLC now owns 18,891 shares of the insurance provider’s stock worth $1,280,000 after acquiring an additional 692 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in American International Group during the fourth quarter valued at $26,590,000. Allspring Global Investments Holdings LLC grew its stake in American International Group by 5.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 555,430 shares of the insurance provider’s stock valued at $37,630,000 after purchasing an additional 29,876 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in American International Group by 121.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider’s stock worth $2,629,000 after purchasing an additional 21,279 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 1,932,609 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 292,271,027 shares in the company, valued at approximately $8,534,313,988.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 39,964,738 shares of company stock worth $1,132,432,195 in the last 90 days. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Morgan Stanley reduced their target price on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Bank of America increased their target price on shares of American International Group from $81.00 to $82.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Evercore ISI lowered their price target on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, June 27th. Wells Fargo & Company lowered their price objective on American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $83.33.

American International Group Stock Performance

Shares of AIG stock remained flat at $72.06 on Monday. 369,148 shares of the stock traded hands, compared to its average volume of 4,218,692. The firm has a market cap of $47.82 billion, a price-to-earnings ratio of 10.73, a P/E/G ratio of 2.48 and a beta of 1.07. American International Group, Inc. has a one year low of $57.02 and a one year high of $80.83. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.29 and a current ratio of 0.29. The company has a fifty day simple moving average of $75.26 and a two-hundred day simple moving average of $74.93.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a positive return on equity of 9.37% and a negative net margin of 1.54%. The company had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same period in the previous year, the company posted $1.75 earnings per share. American International Group’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts expect that American International Group, Inc. will post 6.4 earnings per share for the current year.

American International Group announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 1st that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the insurance provider to repurchase up to 19.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio (DPR) is 23.88%.

About American International Group

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.