(NYSE:AIG) by 16.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission.
Since January 1, 0001, it had 0 insider buys, and 9 selling transactions for $18.64 million activity. American International Group has a 12 month low of $53.93 and a 12 month high of $67.47. The stock has a market cap of $59.30 billion, a P/E ratio of 130.18 and a beta of 1.13. The company's 50-day moving average is $63.09 and its 200 day moving average is $63.48.
American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.25. The firm had revenue of $11.31 billion during the quarter, compared to the consensus estimate of $11 billion. American International Group had a return on equity of 5.36% and a net margin of 1.00%. During the same quarter in the previous year, the firm earned $0.65 EPS.
Yet another important factor while evaluating a good buy/sell decision for American International Group, Inc. TheStreet upgraded shares of American International Group from a "c" rating to a "b-" rating in a research note on Wednesday, May 3rd. This repurchase authorization allows the insurance provider to repurchase up to 4.2% of its stock through open market purchases. The company has a market cap of $10.89B and its 12 month revenue was nearly $2.02B. Stockholders of record on Wednesday, June 14th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, June 12th. Analysts assigned mean rating at 2.20 (1.0 = Strong Buy, 5.0 = Sell). American International Group presently has a consensus rating of "Buy" and a consensus price target of $65.15. The company has a consensus rating of "Buy" and an average price target of $65.15. The stock was bought at an average price of $61.48 per share, for a total transaction of $4,918,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A number of other hedge funds have also bought and sold shares of AIG. Kentucky Retirement Systems acquired a new position in American International Group during the fourth quarter valued at $4,624,000. Lyell Wealth Management LP increased its stake in shares of American International Group by 0.5% in the first quarter. Orbis Allan Gray Ltd boosted its position in American International Group by 74.5% in the fourth quarter. FTB Advisors Inc. now owns 2,868 shares of the insurance provider's stock valued at $176,000 after buying an additional 1,711 shares during the period.
Mastercard Incorporated (MA) Stake Decreased by Parkwood LLC
Also, CEO Ajay Banga sold 161,742 shares of the company's stock in a transaction that occurred on Wednesday, May 3rd. Investment Management of Virginia LLC increased its position in shares of Mastercard by 1.1% in the first quarter.
Analysts reviewing American International Group, Inc. have recently updated their recommended buy/sell ratings and price targets on the stock. Thrivent Financial for Lutherans increased its position in shares of American International Group by 0.5% in the fourth quarter. Guggenheim Capital LLC now owns 787,292 shares of the insurance provider's stock worth $51,420,000 after buying an additional 56,686 shares during the period. Following the purchase, the chief executive officer now directly owns 80,000 shares of the company's stock, valued at approximately $4,918,400.
AIG has been the subject of a number of research analyst reports. Wells Fargo & Company reissued a "buy" rating on shares of American International Group in a research note on Wednesday, July 5th. UBS AG reiterated a "neutral" rating and set a $66.00 price target on shares of American International Group in a research note on Tuesday, March 14th.
More notable recent American International Group Inc (NYSE:AIG) news were published by: Nytimes.com which released: "AIG Appoints Seraina Macia to Head Its Technology Unit" on July 13, 2017, also Seekingalpha.com with their article: "AIG: Carl Icahn Backs Down" published on June 29, 2017, Nasdaq.com published: "September 1st Options Now Available For American International Group (AIG)" on July 13, 2017. Argus Research maintained the shares of AIG in report on Wednesday, August 5 with "Buy" rating. American International Group now has an average rating of "Buy" and an average price target of $65.15. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States and worldwide trademark and copyright law. Israel Discount Bank of New York GFN acquired a new stake in American International Group during the fourth quarter valued at approximately $148,000.
The Greenbrier Companies, Inc.is a designer, maker and marketer of railroad freight auto equipment in North America and Europe; a maker and marketer of marine barges in North America; a well-known provider of wheel services, parts, leasing and other services to the railroad and related transportation industries in North America, and a well-known provider of railcar fix, refurbishment and retrofitting services in North America through a joint venture partnership. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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