Thompson Siegel & Walmsley LLC decreased its holdings in American International Group, Inc. (NYSE:AIG – Free Report) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 204,892 shares of the insurance provider’s stock after selling 2,700 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in American International Group were worth $11,789,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of AIG. Kentucky Retirement Systems Insurance Trust Fund grew its stake in American International Group by 0.7% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 27,251 shares of the insurance provider’s stock valued at $1,294,000 after acquiring an additional 186 shares during the period. Parkside Financial Bank & Trust grew its position in shares of American International Group by 20.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,110 shares of the insurance provider’s stock valued at $69,000 after purchasing an additional 192 shares during the period. Cyndeo Wealth Partners LLC increased its stake in shares of American International Group by 0.7% during the second quarter. Cyndeo Wealth Partners LLC now owns 30,355 shares of the insurance provider’s stock worth $1,747,000 after purchasing an additional 197 shares in the last quarter. Annandale Capital LLC raised its position in shares of American International Group by 5.1% during the 1st quarter. Annandale Capital LLC now owns 4,101 shares of the insurance provider’s stock worth $207,000 after purchasing an additional 200 shares during the last quarter. Finally, Concord Wealth Partners lifted its stake in American International Group by 15.5% in the 2nd quarter. Concord Wealth Partners now owns 1,546 shares of the insurance provider’s stock valued at $89,000 after buying an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 88.57% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on AIG shares. StockNews.com started coverage on American International Group in a research note on Thursday, October 5th. They set a “hold” rating for the company. BMO Capital Markets lowered their target price on shares of American International Group from $69.00 to $68.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 10th. Wells Fargo & Company raised their price target on shares of American International Group from $62.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of American International Group in a research note on Wednesday, October 4th. They set a “buy” rating and a $79.00 price objective for the company. Finally, Piper Sandler decreased their target price on shares of American International Group from $81.00 to $80.00 and set an “overweight” rating on the stock in a research note on Monday, November 6th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, American International Group currently has an average rating of “Hold” and a consensus target price of $68.71.
American International Group Trading Up 0.6 %
AIG traded up $0.36 on Friday, hitting $64.48. The company had a trading volume of 3,343,785 shares, compared to its average volume of 4,022,215. The company’s fifty day moving average price is $61.64 and its 200 day moving average price is $58.68. American International Group, Inc. has a 1 year low of $45.66 and a 1 year high of $64.94. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $45.27 billion, a P/E ratio of 12.35, a PEG ratio of 0.96 and a beta of 1.03.
American International Group (NYSE:AIG – Get Free Report) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $12.77 billion for the quarter, compared to the consensus estimate of $12.62 billion. American International Group had a net margin of 7.87% and a return on equity of 10.66%. During the same period in the previous year, the firm earned $0.66 EPS. As a group, equities analysts expect that American International Group, Inc. will post 6.63 earnings per share for the current year.
American International Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $1.44 annualized dividend and a dividend yield of 2.23%. American International Group’s dividend payout ratio is currently 27.59%.
In other American International Group news, major shareholder International Group American sold 50,000,000 shares of American International Group stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $20.50, for a total value of $1,025,000,000.00. Following the completion of the transaction, the insider now directly owns 365,413,892 shares of the company’s stock, valued at approximately $7,490,984,786. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.
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.
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