American International Group, Inc. $AIG Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC grew its stake in shares of American International Group, Inc. (NYSE:AIG) by 17.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 271,928 shares of the insurance provider’s stock after acquiring an additional 41,310 shares during the quarter. Corient Private Wealth LLC’s holdings in American International Group were worth $23,264,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AIG. Modus Advisors LLC purchased a new stake in shares of American International Group in the fourth quarter valued at $27,000. Navalign LLC purchased a new stake in American International Group during the 4th quarter worth about $29,000. Mcguire Capital Advisors Inc. purchased a new stake in American International Group during the 4th quarter worth about $29,000. SHP Wealth Management acquired a new position in American International Group in the 4th quarter valued at about $34,000. Finally, Aventura Private Wealth LLC purchased a new position in American International Group in the 4th quarter valued at about $39,000. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AIG has been the topic of several analyst reports. BMO Capital Markets raised their price target on shares of American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Bank of America cut their price objective on shares of American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. The Goldman Sachs Group reduced their price objective on shares of American International Group from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Mizuho lifted their target price 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. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $87.78.

American International Group Trading Up 3.1%

AIG stock opened at $76.30 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. The company has a market cap of $40.46 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.68 and a beta of 0.52. The business has a fifty day simple moving average of $75.88 and a 200-day simple moving average of $77.35. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29.

American International Group (NYSE:AIG) last issued its earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the firm earned $1.17 earnings per share. On average, equities research analysts expect that American International Group, Inc. will post 7.99 EPS for the current year.

American International Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is 35.27%.

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.