BNP PARIBAS ASSET MANAGEMENT Holding S.A. Acquires 438,918 Shares of American International Group, Inc. (NYSE:AIG)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in American International Group, Inc. (NYSE:AIG) by 66.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,104,172 shares of the insurance provider’s stock after acquiring an additional 438,918 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.17% of American International Group worth $80,858,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Cornerstone Advisors LLC grew its stake in shares of American International Group by 1.6% during the third quarter. Cornerstone Advisors LLC now owns 18,800 shares of the insurance provider’s stock valued at $1,377,000 after buying an additional 300 shares during the last quarter. EagleClaw Capital Managment LLC grew its holdings in shares of American International Group by 0.5% in the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock worth $2,225,000 after purchasing an additional 150 shares during the last quarter. Commerce Bank grew its holdings in shares of American International Group by 1.0% in the third quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after purchasing an additional 172 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in American International Group by 0.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 212,783 shares of the insurance provider’s stock worth $15,582,000 after buying an additional 1,526 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in American International Group during the 3rd quarter valued at about $1,702,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Down 0.8 %

American International Group stock opened at $74.66 on Thursday. American International Group, Inc. has a fifty-two week low of $64.47 and a fifty-two week high of $80.83. The company has a market cap of $46.57 billion, a PE ratio of -22.02, a PEG ratio of 7.50 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. The business’s 50-day simple moving average is $75.38 and its two-hundred day simple moving average is $75.64.

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

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.14%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is -47.20%.

Wall Street Analyst Weigh In

AIG has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. TD Cowen dropped their price target on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Piper Sandler reduced their price target on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded American International Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.13.

Insider Activity at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

American International Group Company Profile

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.