Aaron Wealth Advisors LLC Has $625,000 Stock Holdings in American International Group, Inc. $AIG

Aaron Wealth Advisors LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 50.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,306 shares of the insurance provider’s stock after selling 8,313 shares during the period. Aaron Wealth Advisors LLC’s holdings in American International Group were worth $625,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Modus Advisors LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $27,000. Navalign LLC acquired a new position in American International Group during the fourth quarter worth $29,000. Mcguire Capital Advisors Inc. bought a new position in American International Group during the fourth quarter valued at about $29,000. SHP Wealth Management acquired a new stake in shares of American International Group in the fourth quarter worth about $34,000. Finally, CENTRAL TRUST Co lifted its position in shares of American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of NYSE AIG opened at $75.47 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.29. The company has a market cap of $40.01 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.69 and a beta of 0.52. The business’s 50 day moving average is $75.77 and its two-hundred day moving average is $77.31. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same period in the prior year, the business earned $1.17 earnings per share. On average, equities analysts expect that American International Group, Inc. will post 7.98 EPS for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a $0.50 dividend. This is a boost from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. American International Group’s payout ratio is currently 35.27%.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price objective on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Wells Fargo & Company reduced their target price on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a report on Wednesday, May 6th. Barclays upped their target price on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Weiss Ratings lowered shares of American International Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Finally, Citigroup boosted their price objective on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $87.78.

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.