American International Group, Inc. $AIG Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its stake in American International Group, Inc. (NYSE:AIG) by 56.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,130 shares of the insurance provider’s stock after selling 19,555 shares during the quarter. AlphaQuest LLC’s holdings in American International Group were worth $1,294,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new position in shares of American International Group in the 3rd quarter worth $3,054,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of American International Group in the third quarter worth $2,257,000. Diamond Hill Capital Management Inc. raised its holdings in American International Group by 4.3% during the third quarter. Diamond Hill Capital Management Inc. now owns 12,111,405 shares of the insurance provider’s stock worth $951,230,000 after acquiring an additional 499,330 shares in the last quarter. Nordea Investment Management AB raised its holdings in American International Group by 129.9% during the fourth quarter. Nordea Investment Management AB now owns 136,069 shares of the insurance provider’s stock worth $11,695,000 after acquiring an additional 76,874 shares in the last quarter. Finally, Munich Reinsurance Co Stock Corp in Munich bought a new stake in American International Group during the third quarter worth $77,054,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on AIG. HSBC upped their price objective on American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Bank of America lowered their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Piper Sandler decreased their target price on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, February 12th. Mizuho lifted their price target on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company decreased their price target on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Trading Down 1.3%

NYSE:AIG opened at $74.33 on Friday. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s fifty day moving average is $76.13 and its 200-day moving average is $77.59. The firm has a market cap of $39.41 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.69 and a beta of 0.53.

American International Group (NYSE:AIG) last announced its earnings results on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the prior year, the company earned $1.17 EPS. Equities analysts expect that American International Group, Inc. will post 7.97 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be paid a dividend of $0.50 per share. This is a boost from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s payout ratio is currently 31.75%.

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.