Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American International Group Inc (NYSE:AIG) by 12.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 224,143 shares of the insurance provider’s stock after purchasing an additional 24,095 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American International Group were worth $11,505,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new position in American International Group during the 3rd quarter worth $34,000. Cerebellum GP LLC raised its stake in American International Group by 145.2% during the 3rd quarter. Cerebellum GP LLC now owns 591 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 350 shares during the last quarter. North Star Investment Management Corp. bought a new stake in American International Group in the 3rd quarter valued at $39,000. Point72 Hong Kong Ltd acquired a new stake in American International Group in the 2nd quarter worth $46,000. Finally, Griffin Asset Management Inc. bought a new position in shares of American International Group during the 2nd quarter worth about $47,000. Institutional investors own 90.98% of the company’s stock.
AIG stock opened at $53.46 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.53. The company has a market cap of $45.66 billion, a P/E ratio of 26.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.12. The business’s fifty day moving average is $51.55 and its 200-day moving average is $53.54. American International Group Inc has a twelve month low of $40.00 and a twelve month high of $58.66.
Several equities analysts recently issued reports on AIG shares. ValuEngine lowered American International Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 3rd. Evercore ISI started coverage on shares of American International Group in a research note on Thursday, October 17th. They set an “in-line” rating and a $54.00 price target on the stock. Citigroup initiated coverage on shares of American International Group in a research report on Tuesday, January 21st. They set a “neutral” rating and a $55.00 target price on the stock. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of American International Group in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $59.58.
American International Group Profile
American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company’s General Insurance segment offers general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.
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