American International Group, Inc. (NYSE:AIG) Position Lessened by First Hawaiian Bank

First Hawaiian Bank trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,474 shares of the insurance provider’s stock after selling 581 shares during the period. First Hawaiian Bank’s holdings in American International Group were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thompson Investment Management Inc. purchased a new stake in shares of American International Group during the first quarter worth $28,000. Avalon Trust Co bought a new position in American International Group during the first quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in American International Group during the first quarter valued at about $43,000. Parkside Financial Bank & Trust raised its holdings in American International Group by 20.9% during the first quarter. Parkside Financial Bank & Trust now owns 1,110 shares of the insurance provider’s stock valued at $69,000 after buying an additional 192 shares in the last quarter. Finally, Fairfield Bush & CO. bought a new position in American International Group during the first quarter valued at about $84,000. 88.57% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Stock Down 0.0 %

Shares of AIG opened at $61.18 on Friday. The stock has a market cap of $43.55 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 0.90 and a beta of 1.14. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06. American International Group, Inc. has a 12 month low of $45.66 and a 12 month high of $64.88. The company has a 50-day moving average price of $59.42 and a two-hundred day moving average price of $55.66.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $1.75 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.21. The firm had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $12.28 billion. American International Group had a net margin of 8.94% and a return on equity of 9.28%. During the same quarter last year, the company earned $1.19 earnings per share. Equities analysts predict that American International Group, Inc. will post 6.73 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, September 14th. American International Group’s dividend payout ratio (DPR) is currently 24.37%.

Insider Activity

In other news, CAO Kathleen Carbone sold 7,757 shares of American International Group stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $61.30, for a total value of $475,504.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Kathleen Carbone sold 7,757 shares of American International Group stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $61.30, for a total value of $475,504.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Jurgensen sold 635 shares of American International Group stock in a transaction that occurred on Saturday, July 1st. The shares were sold at an average price of $53.47, for a total transaction of $33,953.45. Following the completion of the transaction, the director now owns 1,190 shares of the company’s stock, valued at approximately $63,629.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,989,500 shares of company stock worth $180,709,440. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AIG. Piper Sandler raised their target price on American International Group from $76.00 to $77.00 in a report on Tuesday, May 23rd. BMO Capital Markets lowered their price target on American International Group from $65.00 to $63.00 and set a “market perform” rating on the stock in a research report on Thursday, August 24th. Wells Fargo & Company raised their price target on American International Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 15th. TheStreet raised American International Group from a “c+” rating to a “b-” rating in a research report on Friday, June 23rd. Finally, Morgan Stanley raised their price target on American International Group from $57.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.00.

About American International Group

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through General Insurance, and Life and Retirement segments. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.