American International Group, Inc. $AIG Shares Sold by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. decreased its stake in shares of American International Group, Inc. (NYSE:AIG) by 92.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,191 shares of the insurance provider’s stock after selling 15,469 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in American International Group were worth $90,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Modus Advisors LLC acquired a new stake in shares of American International Group in the 4th quarter worth approximately $27,000. Navalign LLC acquired a new position in shares of American International Group during the fourth quarter valued at approximately $29,000. Mcguire Capital Advisors Inc. acquired a new position in shares of American International Group during the fourth quarter valued at approximately $29,000. SHP Wealth Management bought a new stake in American International Group during the fourth quarter worth approximately $34,000. Finally, CENTRAL TRUST Co raised its holdings in American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 151 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

Shares of AIG opened at $79.33 on Monday. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $42.06 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 0.73 and a beta of 0.53. The company has a 50-day moving average of $75.69 and a two-hundred day moving average of $77.13.

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. American International Group had a net margin of 11.86% and a return on equity of 10.93%. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period in the previous year, the business earned $1.17 EPS. On average, equities research analysts expect that American International Group, Inc. will post 7.98 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, June 15th. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio is 35.27%.

Analyst Ratings Changes

A number of equities analysts have issued reports on AIG shares. Citigroup increased their price target on American International Group from $85.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. The Goldman Sachs Group boosted their price objective on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. HSBC upped their price objective on American International Group from $89.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group lifted their target price on American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, 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 report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $87.94.

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.