Easterly Investment Partners LLC Sells 29,137 Shares of American International Group, Inc. $AIG

Easterly Investment Partners LLC lowered its position in American International Group, Inc. (NYSE:AIG) by 43.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,337 shares of the insurance provider’s stock after selling 29,137 shares during the period. Easterly Investment Partners LLC’s holdings in American International Group were worth $3,280,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AIG. Brighton Jones LLC bought a new position in American International Group in the 4th quarter worth $1,091,000. Sivia Capital Partners LLC boosted its holdings in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after buying an additional 1,185 shares during the period. Flow Traders U.S. LLC bought a new position in American International Group in the 2nd quarter worth $217,000. Ieq Capital LLC lifted its stake in American International Group by 11.5% in the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after purchasing an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in American International Group in the 2nd quarter worth $269,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.0%

Shares of NYSE AIG opened at $74.26 on Monday. The firm’s 50-day moving average price is $76.12 and its 200-day moving average price is $77.57. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $39.37 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.68 and a beta of 0.52. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.46.

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

American International Group Increases Dividend

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

Wall Street Analyst Weigh In

AIG has been the topic of several research analyst reports. Cantor Fitzgerald boosted their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Bank of America decreased their price target on shares of 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. Mizuho boosted their price target on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price target on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. Finally, Piper Sandler decreased their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $88.06.

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.