American International Group, Inc. $AIG Shares Sold by Ethic Inc.

Ethic Inc. lessened its stake in American International Group, Inc. (NYSE:AIG) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 114,014 shares of the insurance provider’s stock after selling 12,854 shares during the quarter. Ethic Inc.’s holdings in American International Group were worth $8,955,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AIG. Brighton Jones LLC acquired a new position in American International Group in the fourth quarter valued at approximately $1,091,000. CreativeOne Wealth LLC increased its holdings in shares of American International Group by 33.4% during the 1st quarter. CreativeOne Wealth LLC now owns 5,550 shares of the insurance provider’s stock valued at $482,000 after purchasing an additional 1,390 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of American International Group by 3.2% in the 1st quarter. Baird Financial Group Inc. now owns 39,344 shares of the insurance provider’s stock valued at $3,421,000 after purchasing an additional 1,216 shares during the period. Focus Partners Advisor Solutions LLC lifted its stake in shares of American International Group by 224.1% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 12,260 shares of the insurance provider’s stock valued at $1,066,000 after purchasing an additional 8,477 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in American International Group during the first quarter worth $933,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of American International Group from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. TD Cowen lifted their price target on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Barclays downgraded American International Group from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $95.00 to $88.00 in a research report on Friday, December 5th. Royal Bank Of Canada began coverage on American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price objective on the stock. Finally, Mizuho started coverage on American International Group in a research note on Tuesday, December 16th. They set a “neutral” rating and a $84.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and an average target price of $89.28.

American International Group Stock Up 0.0%

Shares of AIG opened at $86.48 on Tuesday. The stock has a 50 day moving average price of $79.56 and a 200 day moving average price of $80.34. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market capitalization of $46.66 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.89 and a beta of 0.62.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the company posted $1.23 EPS. Equities research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio is currently 32.73%.

About American International Group

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.