Entropy Technologies LP Buys 30,632 Shares of American International Group, Inc. (NYSE:AIG)

Entropy Technologies LP grew its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 119.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,288 shares of the insurance provider's stock after acquiring an additional 30,632 shares during the period. Entropy Technologies LP's holdings in American International Group were worth $4,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. 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 boosted its stake in American International Group by 4.0% in the 2nd quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider's stock worth $285,000 after purchasing an additional 146 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of American International Group by 2.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider's stock valued at $477,000 after acquiring an additional 165 shares during the last quarter. EP Wealth Advisors LLC increased its stake in American International Group by 4.9% in the first quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider's stock worth $276,000 after purchasing an additional 165 shares during the period. Finally, Graypoint LLC increased its stake in shares of American International Group by 2.0% during the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after buying an additional 167 shares during the period. Institutional investors own 90.60% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AIG shares. Bank of America upped their price target on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods dropped their target price on American International Group from $88.00 to $87.00 and set an "outperform" rating for the company in a research note on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Evercore ISI lowered their target price on American International Group from $79.00 to $78.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 9th. Finally, BMO Capital Markets lowered American International Group from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $90.00 to $84.00 in a research note 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $84.13.

American International Group Price Performance

NYSE:AIG traded down $0.51 during mid-day trading on Tuesday, reaching $74.87. 3,900,019 shares of the company were exchanged, compared to its average volume of 4,124,653. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $63.35 and a 12 month high of $80.83. The stock has a market cap of $48.21 billion, a PE ratio of -22.09, a PEG ratio of 7.47 and a beta of 1.05. The company has a fifty day moving average of $75.12 and a 200 day moving average of $75.68.

American International Group (NYSE:AIG - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a positive return on equity of 8.49% and a negative net margin of 6.19%. During the same quarter in the prior year, the company earned $1.61 EPS. On average, research analysts anticipate that American International Group, Inc. will post 5.14 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared 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. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Monday, December 16th. American International Group's payout ratio is currently -47.20%.

Insider Buying and Selling at American International Group

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 completion of the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by corporate 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.