US Bancorp DE Reduces Stock Holdings in American International Group, Inc. (NYSE:AIG)

US Bancorp DE lessened its stake in American International Group, Inc. (NYSE:AIG) by 7.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 264,264 shares of the insurance provider’s stock after selling 22,689 shares during the quarter. US Bancorp DE’s holdings in American International Group were worth $15,206,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Fairfield Bush & CO. acquired a new position in American International Group in the 1st quarter worth $84,000. Cetera Advisor Networks LLC boosted its holdings in American International Group by 11.7% in the first quarter. Cetera Advisor Networks LLC now owns 5,535 shares of the insurance provider’s stock valued at $347,000 after purchasing an additional 578 shares during the last quarter. Blair William & Co. IL grew its stake in American International Group by 1.2% during the 1st quarter. Blair William & Co. IL now owns 100,861 shares of the insurance provider’s stock valued at $6,331,000 after purchasing an additional 1,207 shares in the last quarter. Cetera Investment Advisers increased its holdings in American International Group by 20.1% during the 1st quarter. Cetera Investment Advisers now owns 20,447 shares of the insurance provider’s stock worth $1,283,000 after purchasing an additional 3,428 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of American International Group by 43.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,324 shares of the insurance provider’s stock valued at $334,000 after purchasing an additional 1,608 shares in the last quarter. Institutional investors and hedge funds own 88.57% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $64.48 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a fifty day moving average of $61.64 and a 200-day moving average of $58.68. The company has a market cap of $45.27 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 0.96 and a beta of 1.03. American International Group, Inc. has a 1 year low of $45.66 and a 1 year high of $64.94.

American International Group (NYSE:AIG) last released its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. American International Group had a return on equity of 10.66% and a net margin of 7.87%. The company had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.62 billion. During the same quarter in the prior year, the business posted $0.66 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 6.63 earnings per share for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.36 per share. The ex-dividend date is Wednesday, December 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.23%. American International Group’s dividend payout ratio (DPR) is 27.59%.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 50,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $20.50, for a total transaction of $1,025,000,000.00. Following the transaction, the insider now owns 365,413,892 shares in the company, valued at $7,490,984,786. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of American International Group from $58.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Friday, August 4th. Morgan Stanley raised their price objective on shares of American International Group from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Piper Sandler cut 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. BMO Capital Markets decreased their price target on American International Group from $69.00 to $68.00 and set a “market perform” rating for the company in a research note on Tuesday, October 10th. Finally, Deutsche Bank Aktiengesellschaft began coverage on American International Group in a research note on Wednesday, October 4th. They set a “buy” rating and a $79.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, American International Group presently has an average rating of “Hold” and a consensus price target of $68.71.

American International Group Company Profile

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.