Alberta Investment Management Corp Takes Position in American International Group, Inc. (NYSE:AIG)

Alberta Investment Management Corp purchased a new position in shares of American International Group, Inc. (NYSE:AIG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,500 shares of the insurance provider's stock, valued at approximately $692,000.

Several other large investors have also recently added to or reduced their stakes in AIG. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of American International Group by 173.5% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 52,140 shares of the insurance provider's stock valued at $3,796,000 after purchasing an additional 33,074 shares during the period. Kestra Investment Management LLC acquired a new position in American International Group in the 4th quarter worth $113,000. Venturi Wealth Management LLC boosted its position in American International Group by 0.3% in the 4th quarter. Venturi Wealth Management LLC now owns 158,237 shares of the insurance provider's stock valued at $11,520,000 after buying an additional 533 shares during the last quarter. Truist Financial Corp grew its stake in shares of American International Group by 2.4% during the fourth quarter. Truist Financial Corp now owns 64,633 shares of the insurance provider's stock valued at $4,705,000 after acquiring an additional 1,498 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of American International Group by 2.1% during the fourth quarter. CIBC Asset Management Inc now owns 99,536 shares of the insurance provider's stock worth $7,246,000 after acquiring an additional 2,081 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Trading Down 1.1 %

American International Group stock traded down $0.87 during mid-day trading on Wednesday, hitting $78.15. The company's stock had a trading volume of 1,502,745 shares, compared to its average volume of 4,084,951. The business has a 50 day moving average price of $73.97 and a 200-day moving average price of $74.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 12 month low of $69.00 and a 12 month high of $80.83. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of -37.59, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05.

American International Group (NYSE:AIG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. As a group, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. American International Group's payout ratio is -76.92%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $79.00 target price (down previously from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of American International Group from $89.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 3rd. Finally, UBS Group decreased their price target on shares of American International Group from $88.00 to $86.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, American International Group has an average rating of "Hold" and a consensus target price of $83.94.

Insider Buying and Selling at American International Group

In related news, Director John G. Rice acquired 10,000 shares of American International Group stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company's stock, valued at $770,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.61% of the company's stock.

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.