Calamos Advisors LLC Has $50.23 Million Stake in American International Group, Inc. (NYSE:AIG)

Calamos Advisors LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 741,431 shares of the insurance provider’s stock after selling 4,292 shares during the period. Calamos Advisors LLC owned 0.11% of American International Group worth $50,232,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AIG. OFI Invest Asset Management acquired a new stake in shares of American International Group in the third quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in American International Group during the 3rd quarter worth $32,000. CNB Bank bought a new stake in American International Group during the 3rd quarter worth $42,000. SouthState Corp grew its position in American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock worth $45,000 after acquiring an additional 217 shares during the last quarter. Finally, Blue Trust Inc. grew its position in American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 232 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on AIG. Bank of America downgraded American International Group from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $77.00 in a report on Tuesday, February 20th. Wells Fargo & Company upped their price objective on American International Group from $74.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, April 11th. Evercore ISI increased their target price on American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a research report on Thursday, April 11th. TD Cowen initiated coverage on American International Group in a research report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on American International Group from $73.00 to $80.00 and gave the stock a “neutral” rating in a research report on Monday, April 8th. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.06.

Insider Transactions at American International Group

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

American International Group Trading Up 0.6 %

Shares of NYSE:AIG traded up $0.41 on Thursday, reaching $72.99. 3,127,482 shares of the company traded hands, compared to its average volume of 3,987,710. The business’s 50-day simple moving average is $74.01 and its 200 day simple moving average is $68.30. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $78.95. The stock has a market capitalization of $49.70 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 1.05 and a beta of 1.03. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG) last posted its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.20. The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. American International Group’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm earned $1.36 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 7.05 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s payout ratio is 28.86%.

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.