Deseret Mutual Benefit Administrators Has $460,000 Position in American International Group, Inc. (NYSE:AIG)

Deseret Mutual Benefit Administrators grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 41.4% during the third quarter, Holdings Channel reports. The firm owned 6,285 shares of the insurance provider’s stock after purchasing an additional 1,841 shares during the period. Deseret Mutual Benefit Administrators’ holdings in American International Group were worth $460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Christopher J. Hasenberg Inc acquired a new position in American International Group during the third quarter valued at approximately $26,000. Y.D. More Investments Ltd bought a new stake in shares of American International Group during the 2nd quarter worth $27,000. Fortitude Family Office LLC grew its stake in American International Group by 199.2% in the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after buying an additional 239 shares during the last quarter. Versant Capital Management Inc raised its holdings in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares during the period. Finally, NBC Securities Inc. lifted its position in American International Group by 241.6% during the 3rd quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after acquiring an additional 476 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Up 2.2 %

AIG opened at $77.02 on Thursday. American International Group, Inc. has a 1-year low of $62.52 and a 1-year high of $80.83. The firm has a 50-day moving average price of $75.17 and a two-hundred day moving average price of $75.65. The stock has a market capitalization of $49.60 billion, a PE ratio of -22.72, a PEG ratio of 5.21 and a beta of 1.05. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its earnings results 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. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The company had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same period in the prior year, the company posted $1.61 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 4.99 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. Stockholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio (DPR) is currently -47.20%.

Insider Transactions at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AIG has been the subject of several recent analyst reports. StockNews.com downgraded American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Morgan Stanley reduced their price objective on American International Group from $82.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Piper Sandler dropped their target price on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. TD Cowen reduced their price target 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. Finally, Keefe, Bruyette & Woods dropped 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 report 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’s stock. Based on data from MarketBeat, American International Group presently has a consensus rating of “Hold” and an average target price of $84.31.

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.