Intact Investment Management Inc. Has $816,000 Holdings in American International Group, Inc. (NYSE:AIG)

Intact Investment Management Inc. boosted its holdings in American International Group, Inc. (NYSE:AIG) by 9.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,140 shares of the insurance provider’s stock after buying an additional 950 shares during the quarter. Intact Investment Management Inc.’s holdings in American International Group were worth $816,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Norden Group LLC boosted its stake in shares of American International Group by 46.8% during the first quarter. Norden Group LLC now owns 10,157 shares of the insurance provider’s stock valued at $794,000 after purchasing an additional 3,237 shares in the last quarter. Choreo LLC acquired a new stake in shares of American International Group during the first quarter valued at about $270,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of American International Group by 5.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock valued at $210,000 after purchasing an additional 136 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new stake in shares of American International Group during the first quarter valued at about $1,367,000. Finally, Empirical Finance LLC boosted its stake in shares of American International Group by 3.2% during the first quarter. Empirical Finance LLC now owns 27,439 shares of the insurance provider’s stock valued at $2,145,000 after purchasing an additional 847 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the sale, the insider now owns 284,238,898 shares in the company, valued at $7,077,548,560.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AIG shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Tuesday, July 9th. Morgan Stanley cut their price objective on American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. BMO Capital Markets lowered American International Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $90.00 to $84.00 in a research note on Tuesday, October 15th. TD Cowen cut their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods cut their price objective on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $84.38.

American International Group Trading Up 0.8 %

NYSE AIG opened at $76.33 on Tuesday. The company has a market cap of $49.15 billion, a price-to-earnings ratio of -59.17, a P/E/G ratio of 5.23 and a beta of 1.05. American International Group, Inc. has a 52 week low of $62.52 and a 52 week high of $80.83. The business has a 50 day moving average price of $75.13 and a 200-day moving average price of $75.63. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22.

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.