FTSE 100: Index falls as earnings results weigh; pound below $1.33, Bodycote soars
John C. Inglis, a director at American International Group, Inc. (NYSE:AIG), has recently increased his holdings in the company. According to a recent SEC filing, Inglis purchased a total of 644 shares of AIG common stock across two transactions. The purchases, executed on May 22, 2024, and March 31, 2025, were made at prices ranging between $78.53 and $86.14 per share, amounting to a total investment of $50,658. The timing appears strategic, as AIG’s stock has shown strong momentum, currently trading near its 52-week high of $87.51 and delivering a impressive 21% return over the past six months, according to InvestingPro data.
These transactions have increased Inglis’s direct ownership of AIG shares to 1,988.16. Additionally, Inglis acquired 13 Deferred Stock Units (DSUs) related to previously awarded DSUs under AIG’s 2021 Omnibus Incentive Plan, further reflecting his engagement with the company. These DSUs will be settled in AIG common stock upon the end of his service on the Board of Directors, unless he opts to defer the vesting date.
In other recent news, American International Group (AIG) has announced a new share repurchase program worth up to $7.5 billion, which includes approximately $3.4 billion remaining from a previous authorization. This buyback plan is set to commence on April 1, 2025, and coincides with AIG’s Investor Day event, where the company outlined ambitious financial targets. AIG aims for an Operating Earnings Per Share (EPS) Compound Annual Growth Rate (CAGR) of over 20% from 2025 to 2027, along with a core operating Return on Equity (ROE) target between 10% and 13%.
Keefe, Bruyette & Woods analysts have maintained an Outperform rating on AIG, raising their price target to $98 from $90, citing the company’s robust reserves and capital flexibility. They anticipate a 20%-plus EPS CAGR and significant ROE expansion in the coming years. Meanwhile, TD Cowen reaffirmed its Hold rating on AIG, maintaining a price target of $86, acknowledging AIG’s progress and transformation but noting the company’s targets align with market expectations.
Analysts from Keefe, Bruyette & Woods also noted that AIG’s net reserves at the end of 2024 were higher than necessary by approximately $2.06 billion, slightly lower than the previous year’s overstatement. They have upheld their EPS estimates for 2025 and 2026, factoring in anticipated reserve releases and expecting continued net favorable reserve development. These developments reflect a strong outlook for AIG’s financial performance and strategic initiatives.
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