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Multiple institutional investors have recently adjusted their holdings in American International Group. Fortitude Family Office LLC increased its stake by 199.2%, now owning 359 shares valued at $27,000. Y.D. More Investments Ltd and Rise Advisors LLC also acquired new shares, investing around $27,000 and $29,000 respectively. Valued Wealth Advisors LLC raised its stake by 303.3%, owning 367 shares worth $29,000. Versant Capital Management Inc boosted its holdings by 326.0%, now owning 443 shares valued at $33,000. Overall, institutional investors control 90.60% of the company.
Insider Activity
On September 16, major shareholder International Group American sold 5 million shares at $28.86 each, totaling $144.3 million. Post-sale, they retain 279,238,898 shares worth approximately $8.06 billion. Insiders own 0.61% of the stock.
Analysts Set New Price Targets
Equity analysts have adjusted their targets for AIG. Citigroup lowered its price target from $89 to $87, while Bank of America raised theirs from $81 to $82. Piper Sandler and others have varied their ratings and targets, with a consensus rating of “Hold” and a price target of $83.88.
Read Our Latest Report on American International Group
American International Group Stock Performance
AIG shares opened at $72.45 with a market cap of $48.08 billion. The stock has a 52-week low of $57.72 and a high of $80.83. Recent earnings showed $1.16 EPS, underestimating expectations, with analysts predicting $5.24 EPS for the year.
Dividend Announcement
AIG announced a $0.40 quarterly dividend, yielding 2.21%, with a payout ratio of 23.88%.
Company Profile
American International Group, Inc. offers various insurance products across commercial, institutional, and individual sectors.
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