Everpar Advisors LLC Makes New Investment in American International Group, Inc. (NYSE:AIG)

Everpar Advisors LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,554 shares of the insurance provider’s stock, valued at approximately $647,000.

Other large investors have also made changes to their positions in the company. Cary Street Partners Investment Advisory LLC lifted its holdings in American International Group by 0.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 18,553 shares of the insurance provider’s stock valued at $1,257,000 after purchasing an additional 157 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in American International Group by 1.3% in the 3rd quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock worth $776,000 after acquiring an additional 162 shares during the period. Avantax Advisory Services Inc. raised its holdings in American International Group by 3.6% in the 3rd quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock valued at $292,000 after acquiring an additional 167 shares during the last quarter. Steph & Co. boosted its holdings in shares of American International Group by 3.3% during the third quarter. Steph & Co. now owns 5,448 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 176 shares during the last quarter. Finally, Lindbrook Capital LLC increased its stake in American International Group by 2.7% in the fourth quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 176 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insiders Place Their Bets

In other American International Group news, Director John C. Inglis bought 659 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the acquisition, the director now directly owns 659 shares of the company’s stock, valued at approximately $49,682.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other American International Group news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, with a total value of $49,682.01. Following the transaction, the director now owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. 0.61% of the stock is currently owned by corporate insiders.

American International Group Stock Up 0.4 %

Shares of American International Group stock traded up $0.31 during trading on Tuesday, reaching $80.28. The company had a trading volume of 3,393,063 shares, compared to its average volume of 4,004,778. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.29 and a current ratio of 0.29. American International Group, Inc. has a fifty-two week low of $51.86 and a fifty-two week high of $80.76. The firm’s fifty day moving average is $75.73 and its 200-day moving average is $69.84. The company has a market cap of $53.28 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.11. The firm had revenue of $12.58 billion during the quarter, compared to analyst estimates of $12.04 billion. American International Group had a return on equity of 10.54% and a net margin of 9.98%. During the same period in the previous year, the company earned $1.63 earnings per share. On average, analysts anticipate that American International Group, Inc. will post 7.05 EPS for the current year.

American International Group announced that its Board of Directors has authorized a share buyback plan on Wednesday, May 1st that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the insurance provider to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, June 14th. This is a boost from American International Group’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a yield of 1.99%. American International Group’s dividend payout ratio (DPR) is 21.49%.

Analyst Ratings Changes

Several brokerages have recently weighed in on AIG. Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. UBS Group lifted their price objective on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. BMO Capital Markets dropped their target price on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research report on Thursday, February 15th. Citigroup boosted their price objective on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada lifted their target price on shares of American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, American International Group currently has an average rating of “Moderate Buy” and an average price target of $80.44.

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.