Steward Partners Investment Advisory LLC Sells 515 Shares of American International Group, Inc. (NYSE:AIG)

Steward Partners Investment Advisory LLC decreased its holdings in American International Group, Inc. (NYSE:AIGFree Report) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,736 shares of the insurance provider’s stock after selling 515 shares during the period. Steward Partners Investment Advisory LLC’s holdings in American International Group were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of American International Group during the 3rd quarter valued at $32,000. Blue Trust Inc. lifted its holdings in shares of American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 232 shares during the last quarter. Highlander Capital Management LLC lifted its holdings in shares of American International Group by 144.9% during the 4th quarter. Highlander Capital Management LLC now owns 845 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 500 shares during the last quarter. EdgeRock Capital LLC purchased a new stake in shares of American International Group during the 4th quarter valued at $57,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in shares of American International Group during the 4th quarter valued at $68,000. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 0.4 %

AIG stock opened at $75.62 on Friday. The company’s 50-day simple moving average is $77.04 and its 200-day simple moving average is $72.17. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.05. American International Group, Inc. has a 52-week low of $54.84 and a 52-week high of $80.83. The firm has a market cap of $50.18 billion, a P/E ratio of 11.29, a PEG ratio of 0.91 and a beta of 1.08.

American International Group (NYSE:AIGGet Free Report) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.11. American International Group had a net margin of 9.98% and a return on equity of 10.54%. The business had revenue of $12.58 billion for the quarter, compared to analyst estimates of $12.04 billion. During the same period in the prior year, the company posted $1.63 EPS. As a group, equities analysts forecast that American International Group, Inc. will post 7.09 EPS for the current fiscal year.

American International Group declared that its board has authorized a share buyback program on Wednesday, May 1st that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the insurance provider to purchase up to 19.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

American International Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.40 per share. This is a positive change from American International Group’s previous quarterly dividend of $0.36. This represents a $1.60 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Friday, June 14th. American International Group’s dividend payout ratio is presently 21.49%.

Insider Transactions at American International Group

In related news, major shareholder International Group American sold 30,000,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $29.20, for a total value of $876,000,000.00. Following the transaction, the insider now directly owns 294,203,636 shares of the company’s stock, valued at approximately $8,590,746,171.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder International Group American sold 30,000,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $29.20, for a total value of $876,000,000.00. Following the transaction, the insider now directly owns 294,203,636 shares of the company’s stock, valued at approximately $8,590,746,171.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Inglis purchased 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was bought at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the purchase, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on AIG shares. Morgan Stanley increased their price objective on American International Group from $72.00 to $79.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Evercore ISI upped their target price on American International Group from $80.00 to $81.00 and gave the company an “in-line” rating in a research report on Friday, May 3rd. Royal Bank of Canada upped their target price on American International Group from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Finally, HSBC downgraded American International Group from a “buy” rating to a “hold” rating and set a $86.00 target price on the stock. in a research report on Wednesday, May 15th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $81.06.

View Our Latest Stock Analysis on AIG

American International Group Profile

(Free Report)

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. 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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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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