Point72 Asia Singapore Pte. Ltd. Invests $1.83 Million in American International Group, Inc. (NYSE:AIG)

Point72 Asia Singapore Pte. Ltd. bought a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 24,957 shares of the insurance provider's stock, valued at approximately $1,828,000.

Other institutional investors have also made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in American International Group during the 3rd quarter valued at $3,443,000. Paradigm Capital Management LLC NV purchased a new stake in American International Group in the 3rd quarter worth about $659,000. True Wealth Design LLC acquired a new stake in American International Group during the 3rd quarter worth about $29,000. Edgestream Partners L.P. acquired a new position in shares of American International Group in the 3rd quarter valued at about $295,000. Finally, Auxier Asset Management lifted its position in shares of American International Group by 2.9% in the third quarter. Auxier Asset Management now owns 109,206 shares of the insurance provider's stock worth $7,997,000 after purchasing an additional 3,032 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Performance

AIG stock traded down $0.66 during trading on Monday, reaching $76.22. 1,259,572 shares of the stock were exchanged, compared to its average volume of 4,092,784. The stock has a 50 day simple moving average of $75.82 and a 200-day simple moving average of $75.46. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $47.54 billion, a P/E ratio of -22.68, a price-to-earnings-growth ratio of 7.62 and a beta of 1.05. American International Group, Inc. has a twelve month low of $64.81 and a twelve month high of $80.83.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion during the quarter, compared to analysts' expectations 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 period last year, the business earned $1.61 earnings per share. As a group, sell-side analysts anticipate that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Dividend Announcement

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 paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.10%. American International Group's dividend payout ratio is currently -47.20%.

Analysts Set New Price Targets

Several research firms have weighed in on AIG. JPMorgan Chase & Co. upgraded shares of American International Group from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Evercore ISI reduced their price target on American International Group from $79.00 to $78.00 and set an "in-line" rating for the company in a report on Wednesday, October 9th. Royal Bank of Canada restated an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Finally, Bank of America lifted their target price on shares of American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $84.80.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction 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 transaction, the insider now owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by insiders.

American International Group 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.