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

Point72 Asia Singapore Pte. Ltd. bought a new stake in American International Group, Inc. (NYSE:AIG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 24,957 shares of the insurance provider’s stock, valued at approximately $1,828,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AIG. Cetera Investment Advisers grew its position in American International Group by 348.6% in the 1st quarter. Cetera Investment Advisers now owns 57,648 shares of the insurance provider’s stock valued at $4,506,000 after buying an additional 44,797 shares in the last quarter. Cetera Advisors LLC grew its position in American International Group by 80.9% in the 1st quarter. Cetera Advisors LLC now owns 9,224 shares of the insurance provider’s stock valued at $721,000 after buying an additional 4,124 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in American International Group by 8.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 142,369 shares of the insurance provider’s stock valued at $11,081,000 after buying an additional 10,581 shares in the last quarter. GAMMA Investing LLC grew its position in American International Group by 29.9% in the 2nd quarter. GAMMA Investing LLC now owns 8,770 shares of the insurance provider’s stock valued at $651,000 after buying an additional 2,018 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in American International Group by 10.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,720 shares of the insurance provider’s stock valued at $202,000 after buying an additional 252 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Buying and Selling at American International Group

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. This trade represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.61% of the company’s stock.

American International Group Price Performance

Shares of AIG opened at $76.88 on Monday. The firm has a market cap of $47.96 billion, a PE ratio of -22.68, a PEG ratio of 7.62 and a beta of 1.05. The firm’s 50 day moving average price is $75.82 and its 200 day moving average price is $75.46. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65. 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) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same quarter last year, the firm earned $1.61 earnings per share. As a group, research analysts expect that American International Group, Inc. will post 5.12 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.08%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upped their price objective on shares of American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Wednesday, November 6th. Finally, Bank of America upped their price objective 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.80.

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.