American International Group, Inc. $AIG Position Boosted by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its holdings in American International Group, Inc. (NYSE:AIG) by 44.3% during the fourth quarter, Holdings Channel reports. The firm owned 23,004 shares of the insurance provider’s stock after purchasing an additional 7,060 shares during the period. SteelPeak Wealth LLC’s holdings in American International Group were worth $1,968,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AIG. Brighton Jones LLC bought a new stake in American International Group during the fourth quarter worth approximately $1,091,000. Sivia Capital Partners LLC increased its holdings in shares of American International Group by 30.7% in the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after buying an additional 1,185 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of American International Group during the 2nd quarter valued at $32,000. CW Advisors LLC lifted its position in shares of American International Group by 3.0% during the 2nd quarter. CW Advisors LLC now owns 14,640 shares of the insurance provider’s stock valued at $1,253,000 after acquiring an additional 423 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of American International Group by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,464 shares of the insurance provider’s stock worth $639,000 after acquiring an additional 3,180 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AIG. Barclays cut their target price on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. UBS Group decreased their price target on American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. Piper Sandler dropped their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley set a $83.00 price objective on American International Group in a report on Monday, March 16th. Finally, HSBC upped their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $88.00.

American International Group Stock Performance

Shares of American International Group stock opened at $75.45 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.47. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The stock has a market cap of $40.51 billion, a PE ratio of 13.92, a price-to-earnings-growth ratio of 0.58 and a beta of 0.59. The business has a fifty day simple moving average of $76.77 and a 200-day simple moving average of $78.23.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the business earned $1.30 EPS. On average, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, March 16th. American International Group’s dividend payout ratio is 33.21%.

American International Group 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.