29,305 American International Group, Inc. $AIG Shares Sold by Nemes Rush Group LLC

by · The Cerbat Gem

Nemes Rush Group LLC cut its position in shares of American International Group, Inc. (NYSE:AIG – Free Report) by 98.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 503 shares of the insurance provider’s stock after selling 29,305 shares during the quarter. Nemes Rush Group LLC’s holdings in American International Group were worth $37,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. First Bancorp Inc ME purchased a new position in shares of American International Group in the second quarter valued at $30,000. Fiduciary Financial Advisors acquired a new position in shares of American International Group during the 2nd quarter worth $34,000. Center for Financial Planning Inc. raised its stake in shares of American International Group by 52.0% during the 3rd quarter. Center for Financial Planning Inc. now owns 456 shares of the insurance provider’s stock worth $34,000 after buying an additional 156 shares during the last quarter. Elevation Wealth Partners LLC boosted its position in shares of American International Group by 71.6% in the 3rd quarter. Elevation Wealth Partners LLC now owns 556 shares of the insurance provider’s stock worth $41,000 after buying an additional 232 shares in the last quarter. Finally, WealthCollab LLC purchased a new stake in shares of American International Group in the 1st quarter worth about $51,000. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Performance

NYSE AIG opened at $82.28 on Wednesday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The stock has a market cap of $42.66 billion, a price-to-earnings ratio of 13.40, a price-to-earnings-growth ratio of 0.84 and a beta of 0.48. The business has a fifty day moving average of $77.63 and a 200-day moving average of $77.03. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

American International Group (NYSE:AIG – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.18. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.42 billion. American International Group had a return on equity of 10.86% and a net margin of 11.86%. During the same period in the prior year, the business earned $2.20 earnings per share. As a group, analysts predict that American International Group, Inc. will post 8.13 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 16th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, December 16th. American International Group’s dividend payout ratio is 32.57%.

Analysts Set New Price Targets

AIG has been the topic of a number of research reports. Royal Bank Of Canada increased their price objective on shares of American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Argus restated a “buy” rating and set a $90.00 target price on shares of American International Group in a research report on Wednesday, September 2nd. Morgan Stanley reduced their price target on shares of American International Group from $81.00 to $80.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Barclays upped their price target on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Finally, Piper Sandler increased their price target on shares of American International Group from $84.00 to $85.00 and gave the company a “neutral” rating in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus price target of $88.00.

Check Out Our Latest Stock Report on AIG

More American International Group News

Here are the key news stories impacting American International Group this week:

  • Positive Sentiment: UBS raised its price target to $103 from $100 and reiterated a Buy rating, implying substantial upside from the reference price. UBS price target update
  • Positive Sentiment: Director John Inglis bought 128 shares for about $10,036, increasing his ownership by 4.78%. The purchase is a modest positive insider signal. Director purchase details
  • Positive Sentiment: KBW reaffirmed its Buy rating on AIG, adding to the supportive analyst commentary. KBW rating
  • Neutral Sentiment: Morgan Stanley maintained its Hold rating, indicating a more cautious view rather than a fresh positive catalyst. Morgan Stanley rating
  • Neutral Sentiment: Piper Sandler lifted its target to $85 from $84 but kept a Neutral rating, suggesting limited conviction despite the small increase. Piper Sandler target update

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $76.14, for a total transaction of $2,804,160.06. Following the sale, the insider directly owned 556,004 shares of the company’s stock, valued at $42,334,144.56. This trade represents a 6.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

American International Group Company Profile

(Free Report)

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.

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