MQS Management LLC Buys Shares of 8,681 American International Group, Inc. (NYSE:AIG)

MQS Management LLC acquired a new position in American International Group, Inc. (NYSE:AIG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 8,681 shares of the insurance provider's stock, valued at approximately $636,000.

Other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the third quarter valued at $26,000. Fortitude Family Office LLC lifted its holdings in shares of American International Group by 199.2% during the second quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider's stock valued at $27,000 after purchasing an additional 239 shares during the last quarter. Y.D. More Investments Ltd acquired a new position in shares of American International Group in the 2nd quarter valued at $27,000. Versant Capital Management Inc increased its stake in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider's stock worth $33,000 after purchasing an additional 339 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in American International Group during the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total value 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.61% of the company's stock.

American International Group Stock Up 1.6 %

Shares of AIG traded up $1.23 during trading hours on Wednesday, hitting $76.09. 4,302,344 shares of the company were exchanged, compared to its average volume of 4,125,468. 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 firm's 50 day moving average is $75.10 and its 200-day moving average is $75.68. American International Group, Inc. has a 52 week low of $63.39 and a 52 week high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter last year, the company posted $1.61 earnings per share. As a group, equities analysts forecast that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. American International Group's payout ratio is -47.20%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AIG shares. Bank of America lifted their target price on shares of American International Group from $82.00 to $86.00 and gave the stock a "neutral" rating in a research report on Thursday, October 10th. Royal Bank of Canada reiterated an "outperform" rating and set a $87.00 price objective on shares of American International Group in a research report on Wednesday, November 6th. Piper Sandler reduced their target price on American International Group from $89.00 to $86.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Barclays started coverage on American International Group in a report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price target on the stock. Finally, Wells Fargo & Company reduced their price objective on American International Group from $77.00 to $76.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 6th. Eight 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.13.

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.