Tokio Marine Asset Management Co. Ltd. Grows Position in American International Group, Inc. (NYSE:AIG)

Tokio Marine Asset Management Co. Ltd. grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,567 shares of the insurance provider’s stock after acquiring an additional 184 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in American International Group were worth $1,286,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Forum Financial Management LP raised its stake in American International Group by 1.1% during the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after buying an additional 128 shares during the last quarter. Quent Capital LLC lifted its holdings in American International Group by 4.0% in the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after acquiring an additional 146 shares during the period. Avantax Advisory Services Inc. boosted its position in American International Group by 2.8% in the first quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 165 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of American International Group by 4.9% during the 1st quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 165 shares during the period. Finally, Graypoint LLC increased its position in shares of American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock valued at $635,000 after purchasing an additional 167 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Price Performance

American International Group stock opened at $75.77 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $47.26 billion, a price-to-earnings ratio of -22.35, a price-to-earnings-growth ratio of 7.53 and a beta of 1.05. The firm has a 50-day moving average of $75.12 and a two-hundred day moving average of $75.68. American International Group, Inc. has a 1 year low of $63.57 and a 1 year high of $80.83.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. On average, research analysts forecast that American International Group, Inc. will post 5.13 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Monday, December 16th. American International Group’s dividend payout ratio (DPR) 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 firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This trade represents a 1.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Evercore ISI cut their target price on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research report on Wednesday, October 9th. Piper Sandler reduced their price objective on American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. UBS Group boosted their price target on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $93.00 to $89.00 in a research report on Thursday, October 10th. Finally, Bank of America boosted their price objective on American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Eight 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, American International Group currently has a consensus rating of “Moderate Buy” and an average target price of $84.13.

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.