13,627 Shares in American International Group, Inc. (NYSE:AIG) Purchased by Oak Thistle LLC

Oak Thistle LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) during the 2nd quarter, HoldingsChannel reports. The firm acquired 13,627 shares of the insurance provider’s stock, valued at approximately $1,012,000. American International Group comprises 0.8% of Oak Thistle LLC’s holdings, making the stock its 8th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Fortitude Family Office LLC increased its stake in shares of American International Group by 199.2% in 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 period. Rise Advisors LLC acquired a new stake in shares of American International Group in the first quarter valued at approximately $29,000. Valued Wealth Advisors LLC increased its stake in shares of American International Group by 303.3% in the first quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 276 shares during the period. Versant Capital Management Inc increased its stake in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 339 shares during the period. Finally, CENTRAL TRUST Co increased its stake in shares of American International Group by 123.8% in the first quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 2.6 %

American International Group stock traded down $1.93 during midday trading on Friday, reaching $71.91. The stock had a trading volume of 7,205,390 shares, compared to its average volume of 4,151,511. The firm’s fifty day simple moving average is $75.02 and its two-hundred day simple moving average is $75.60. American International Group, Inc. has a twelve month low of $57.72 and a twelve month high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $47.72 billion, a price-to-earnings ratio of 10.73, a PEG ratio of 3.84 and a beta of 1.06.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. During the same period in the prior year, the business posted $1.75 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts anticipate that American International Group, Inc. will post 5.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s dividend payout ratio is 23.88%.

Insider Buying and Selling

In related news, major shareholder International Group American sold 8,032,129 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on AIG shares. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. BMO Capital Markets raised their price objective on shares of American International Group from $88.00 to $89.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Tuesday, July 9th. Evercore ISI lowered their price objective on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, June 27th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $83.88.

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.