American International Group, Inc. $AIG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its position in shares of American International Group, Inc. (NYSE:AIG) by 32.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,651 shares of the insurance provider’s stock after selling 7,609 shares during the period. Y Intercept Hong Kong Ltd’s holdings in American International Group were worth $1,229,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new stake in shares of American International Group in the third quarter worth approximately $26,000. Eastern Bank increased its position in American International Group by 2,473.3% during the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of American International Group during the 2nd quarter valued at approximately $32,000. GFG Capital LLC acquired a new position in shares of American International Group in the 2nd quarter valued at $33,000. Finally, Motco lifted its position in American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after buying an additional 380 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of research analyst reports. Morgan Stanley lowered their target price on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. UBS Group boosted their target price on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. TD Cowen raised their price objective on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Piper Sandler boosted their target price on American International Group from $88.00 to $95.00 and gave the company an “overweight” rating in a report on Monday, December 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $87.42.

American International Group Stock Up 0.7%

AIG stock opened at $74.85 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50 day simple moving average is $78.90 and its 200-day simple moving average is $79.11. The firm has a market capitalization of $40.39 billion, a PE ratio of 13.61, a P/E/G ratio of 0.56 and a beta of 0.62. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $88.07.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. Equities analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

American International Group Company Profile

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.