AIG Director John C Inglis Buys 653 Shares at $77.04 on August 8, 2025

American International Group, Inc. (AIG) announced that Director Inglis John C has made a purchase of 653 shares at a price of $77.04 per share on August 8, 2025.

American International Group, Inc. (AIG) has made significant moves in its financial landscape. On August 8, 2025, the company priced its secondary offering of Corebridge Financial, Inc. (NYSE:CRBG) common stock at $33.65 per share, representing a gross proceeds of $1.0 billion [1]. This offering consists of 30 million existing shares, which is approximately 5.6% of Corebridge’s total outstanding shares of 538 million [1]. The transaction is expected to close on August 8, 2025, subject to customary closing conditions.

In addition to the secondary offering, Director Inglis John C made a notable purchase of 653 shares of AIG at $77.04 per share on the same date [2]. This purchase underscores the confidence of AIG’s leadership in the company’s prospects.

The secondary offering follows a registration statement filed with the U.S. Securities and Exchange Commission on November 6, 2023, which became effective automatically. According to InvestingPro’s analysis, AIG’s stock has shown strong momentum with a 14.4% return over the past year, and their research indicates the stock is currently undervalued [1].

Corebridge Financial is a major provider of retirement solutions and insurance products in the United States, with more than $415 billion in assets under management and administration as of June 30, 2025 [1]. The transaction represents AIG’s continued reduction of its ownership stake in Corebridge Financial, which was previously part of AIG’s life and retirement business before being partially spun off.

In other recent news, AIG announced the appointment of John Neal as President, effective December 1, 2025. Neal will lead AIG’s General Insurance organization and join the Executive Leadership team. Additionally, Keefe, Bruyette & Woods raised their price target for AIG shares to $97, maintaining an Outperform rating [1].

References:
[1] https://za.investing.com/news/company-news/aig-prices-1-billion-secondary-offering-of-corebridge-shares-93CH-3824373
[2] Internal company records