Zions Bancorporation N.A. Has $297,000 Position in American International Group, Inc. (NYSE:AIG)

Zions Bancorporation N.A. boosted its position in American International Group, Inc. (NYSE:AIG) by 10.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,054 shares of the insurance provider’s stock after buying an additional 368 shares during the period. Zions Bancorporation N.A.’s holdings in American International Group were worth $297,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the 3rd quarter worth $26,000. Fortitude Family Office LLC raised its holdings in American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after buying an additional 239 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of American International Group during the second quarter valued at about $27,000. Versant Capital Management Inc grew its holdings in shares of American International Group by 326.0% during the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of American International Group during the third quarter worth about $46,000. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

AIG opened at $75.77 on Friday. The firm has a 50-day moving average price of $75.12 and a 200-day moving average price of $75.68. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $63.57 and a twelve month high of $80.83. The company has a market capitalization of $47.26 billion, a price-to-earnings ratio of -22.35, a PEG ratio of 7.53 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The firm had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same period in the prior year, the business posted $1.61 earnings per share. Equities analysts expect that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AIG shares. Citigroup dropped their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Tuesday, July 23rd. UBS Group increased their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Wells Fargo & Company cut their price objective on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 6th. TD Cowen lowered their target price on shares of American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, American International Group has an average rating of “Moderate Buy” and an average price target of $84.13.

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.