American International Group, Inc. (NYSE:AIG) Shares Bought by Holocene Advisors LP

Holocene Advisors LP raised its holdings in shares of American International Group, Inc. (NYSE:AIG) by 23.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,554,519 shares of the insurance provider’s stock after acquiring an additional 486,736 shares during the quarter. Holocene Advisors LP owned approximately 0.41% of American International Group worth $187,067,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AIG. Beacon Investment Advisory Services Inc. increased its stake in American International Group by 3.0% in the third quarter. Beacon Investment Advisory Services Inc. now owns 67,326 shares of the insurance provider’s stock valued at $4,930,000 after purchasing an additional 1,969 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of American International Group in the 3rd quarter valued at $293,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of American International Group in the 3rd quarter valued at $1,828,000. Point72 Hong Kong Ltd purchased a new position in shares of American International Group in the 3rd quarter valued at $3,443,000. Finally, Paradigm Capital Management LLC NV acquired a new stake in American International Group during the 3rd quarter worth $659,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Barclays started coverage on American International Group in a report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective on the stock. Jefferies Financial Group lifted their price target on American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America increased their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Royal Bank of Canada restated an “outperform” rating and set a $87.00 target price on shares of American International Group in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company reduced their price target on shares of American International Group from $77.00 to $76.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $84.80.

American International Group Stock Down 0.3 %

Shares of NYSE:AIG opened at $76.88 on Monday. American International Group, Inc. has a fifty-two week low of $64.81 and a fifty-two week high of $80.83. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. The firm’s 50-day simple moving average is $75.82 and its 200-day simple moving average is $75.46. The company has a market cap of $47.96 billion, a price-to-earnings ratio of -22.68, a PEG ratio of 7.62 and a beta of 1.05.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same quarter in the previous year, the company earned $1.61 EPS. As a group, equities research analysts predict that American International Group, Inc. will post 5.12 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Monday, December 16th. American International Group’s dividend payout ratio is presently -47.20%.

Insiders Place Their Bets

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

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.