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Recent changes in institutional investor positions for American International Group (AIG) show significant activity. Fortitude Family Office increased its stake by 199.2%, owning 359 shares now worth $27,000. Other firms, like Y.D. More and Rise Advisors, also acquired stakes around $27,000 to $29,000. Valued Wealth Advisors raised its holdings by 303.3%, owning 367 shares valued at $29,000. Versant Capital Management increased its position by 326%, owning 443 shares worth $33,000. Overall, institutional investors hold 90.60% of AIGs stock.
Insider Activity
On September 16th, major shareholder International Group American sold 5 million shares for $144,300,000, leaving it with 279,238,898 shares valued at over $8 billion. Insiders own 0.61% of AIG.
Analysts Set New Price Targets
Analysts have been active on AIG. Citigroup cut its target from $89 to $87, while Bank of America raised it from $81 to $82. Piper Sandler reduced its price from $89 to $86. Royal Bank of Canada reaffirmed its outperform rating with a target of $87. Current consensus rating is Hold with an average target of $83.88.
Stock Performance
AIG shares traded at $72.45 with a market cap of $48.08 billion. The stock has a 52-week range of $57.72 to $80.83. The Q2 earnings report indicated EPS of $1.16, below the expected $1.30.
Dividends
AIG recently declared a quarterly dividend of $0.40, yielding 2.21%, with a payout ratio of 23.88%.
Company Profile
AIG offers various insurance products across North America and internationally, operating in three segments: General Insurance, Life and Retirement, and Other Operations.
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