American International Group, Inc. (NYSE:AIG) recovered 13.46% of its value since hitting low of $57.35. The recent move of 2.57% gain helped the stock to close at $65.07 when trading ended on 10/19/2017. At recent session, the prices were hovering between $63.07 and $65.15. This company shares are 4.83% off its target price of $68.21 and the current market capitalization stands at $60.24B. The recent change has given its price a 6.18% lead over SMA 50 and -3.56% deficit over its 52-week high. The stock witnessed 8.23% gains, 1.36% gains and 10.05% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found AIG’s volatility during a week at 1.73% and during a month it has been found around 1.29%.
American International Group, Inc. (AIG) Top Holders
Institutional investors currently hold around $48.71 billion or 86.4% in AIG stock. Look at its top three institutional owners. Blackrock Inc. owns $3.96 billion in American International Group, Inc., which represents roughly 6.57% of the company’s market cap and approximately 8.12% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 60,025,234 shares of the stock are valued at $3.81 billion. The third largest holder is Capital Research Global Investors, which currently holds $3.65 billion worth of this stock and that ownership represents nearly 6.06% of its market capitalization.
American International Group, Inc. 13F Filings
At the end of 06/30/2017 reporting period, 310 institutional holders increased their position in American International Group, Inc. (NYSE:AIG) by some 58,627,997 shares, 485 decreased positions by 90,877,386 and 158 held positions by 618,252,193. That puts total institutional holdings at 767,757,576 shares, according to SEC filings. The stock grabbed 78 new institutional investments totaling 7,125,750 shares while 78 institutional investors sold out their entire positions totaling 19,067,794 shares.
American International Group, Inc. (NYSE:AIG) Insider Trades
Multiple company employees have indulged in significant insider trading. American International Group, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President & CEO Duperreault Brian has acquired 80,000 shares of American International Group, Inc. (AIG) in trading session dated May. 18, 2017. These shares are worth $4,918,400 and were traded at $61.48 each. The SEC filing shows that Fasano Philip performed a sale of 6,000 shares. The Executive Vice President disposed these shares by way of transaction on Feb. 27, 2017. The company’s shares were given away at $63.59 per share worth to an income of some $381,540 on account of Fasano Philip.
Executive Vice President, Hogan Kevin T., sold 249 common shares of American International Group, Inc. (AIG) in the open market. In a transaction dated Dec. 09, 2016, the shares were put up for sale at an average price of $65.78, raking in a sum of $16,379. After this sale, 16,227 common shares of AIG are directly owned by the insider, with total stake valued at $1,055,891.
In the transaction dated May. 05, 2015, the great number of shares acquired came courtesy the Director; Fisher Peter R. added a total of 4,280 shares at an average price of $57.99, amounting to approximately $248,197. The insider now directly owns 9,000 shares worth $585,630.
American International Group, Inc. (AIG) Analyst Guide
Several analysts have released their opinion on American International Group, Inc. (NYSE:AIG), with 5 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 2 strong sell ratings, collectively assigning a 2.39 average brokerage recommendation.