8,458 Shares in American International Group, Inc. (NYSE:AIG) Bought by Steele Capital Management Inc.

Steele Capital Management Inc. purchased a new position in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,458 shares of the insurance provider’s stock, valued at approximately $573,000.

Several other large investors also recently bought and sold shares of the business. Meeder Advisory Services Inc. increased its position in American International Group by 1.3% in the third quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock worth $776,000 after purchasing an additional 162 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in American International Group by 3.6% during the third quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock worth $292,000 after buying an additional 167 shares during the period. Steph & Co. boosted its stake in 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 buying an additional 176 shares during the period. Lindbrook Capital LLC boosted its stake in American International Group by 2.7% during the fourth quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock worth $458,000 after buying an additional 176 shares during the period. Finally, Aspiriant LLC boosted its stake in American International Group by 3.4% during the fourth quarter. Aspiriant LLC now owns 5,417 shares of the insurance provider’s stock worth $367,000 after buying an additional 178 shares during the period. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 1.6 %

American International Group stock traded up $1.21 during trading hours on Monday, reaching $75.74. The stock had a trading volume of 3,582,118 shares, compared to its average volume of 3,938,726. The company has a market cap of $51.58 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 1.07 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50 day moving average price is $74.70 and its 200-day moving average price is $69.05. American International Group, Inc. has a 52 week low of $48.95 and a 52 week high of $78.95.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.20. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.61 billion. During the same quarter in the prior year, the company posted $1.36 earnings per share. The company’s revenue for the quarter was up .0% compared to the same quarter last year. Sell-side analysts anticipate that American International Group, Inc. will post 6.95 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 14th were issued a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.90%. American International Group’s dividend payout ratio (DPR) is currently 28.86%.

Insider Activity

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

Analysts Set New Price Targets

Several research analysts have commented on AIG shares. Keefe, Bruyette & Woods lifted their price objective on shares of American International Group from $82.00 to $86.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 10th. Wells Fargo & Company boosted their target price on shares of 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. Piper Sandler boosted their target price on shares of American International Group from $87.00 to $89.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Citigroup boosted their target price on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Bank of America lowered shares of American International Group from a “buy” rating to a “neutral” rating and boosted their target price for the company from $75.00 to $77.00 in a research note on Tuesday, February 20th. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

American International Group 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.