American International Group, Inc. (NYSE:AIG) Shares Bought by Atria Investments Inc

Atria Investments Inc raised its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 29.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,986 shares of the insurance provider's stock after purchasing an additional 13,771 shares during the quarter. Atria Investments Inc's holdings in American International Group were worth $4,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Forum Financial Management LP lifted its position in American International Group by 1.1% during the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider's stock valued at $904,000 after purchasing an additional 128 shares during the last quarter. Quent Capital LLC lifted its position in American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider's stock valued at $285,000 after purchasing an additional 146 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in American International Group by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider's stock valued at $477,000 after purchasing an additional 165 shares during the last quarter. EP Wealth Advisors LLC lifted its position in American International Group by 4.9% during the first quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider's stock valued at $276,000 after purchasing an additional 165 shares during the last quarter. Finally, Graypoint LLC lifted its holdings in shares of American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock worth $635,000 after acquiring an additional 167 shares during the last quarter. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AIG. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 target price on shares of American International Group 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. BMO Capital Markets lowered shares of American International Group from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $90.00 to $84.00 in a report on Tuesday, October 15th. Piper Sandler lowered their target price 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. Finally, UBS Group raised their target price on shares of American International Group from $84.00 to $88.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $84.13.

Insiders Place Their Bets

In related 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 value of $144,300,000.00. Following the sale, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.61% of the stock is currently owned by company insiders.

American International Group Price Performance

NYSE:AIG traded up $1.23 during trading hours on Wednesday, reaching $76.09. The company had a trading volume of 4,096,818 shares, compared to its average volume of 4,124,534. American International Group, Inc. has a 1-year low of $63.39 and a 1-year high of $80.83. The business's 50 day moving average price is $75.10 and its 200-day moving average price is $75.68. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG - Get Free Report) last released 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. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter last year, the business earned $1.61 earnings per share. Analysts anticipate that American International Group, Inc. will post 5.13 earnings per share for the current fiscal year.

American International Group Announces Dividend

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

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.