Wealth Effects LLC Lowers Holdings in American International Group, Inc. (NYSE:AIG)

Wealth Effects LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,900 shares of the insurance provider’s stock after selling 350 shares during the period. Wealth Effects LLC’s holdings in American International Group were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of AIG. Scientech Research LLC bought a new position in American International Group during the second quarter valued at approximately $503,000. Ascent Group LLC raised its position in shares of American International Group by 4.7% during the 2nd quarter. Ascent Group LLC now owns 8,401 shares of the insurance provider’s stock valued at $624,000 after buying an additional 377 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of American International Group by 46.2% during the 2nd quarter. NewEdge Advisors LLC now owns 44,006 shares of the insurance provider’s stock valued at $3,267,000 after buying an additional 13,913 shares in the last quarter. Quarry LP lifted its holdings in shares of American International Group by 1,708.0% in the 2nd quarter. Quarry LP now owns 3,851 shares of the insurance provider’s stock valued at $286,000 after acquiring an additional 3,638 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in American International Group by 25.4% in the second quarter. EP Wealth Advisors LLC now owns 4,434 shares of the insurance provider’s stock worth $329,000 after acquiring an additional 898 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on AIG shares. Jefferies Financial Group upped their price objective on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada restated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Wednesday, November 6th. Evercore ISI dropped their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods reduced their target price on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Finally, BMO Capital Markets lowered shares of American International Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.13.

American International Group Trading Up 3.2 %

NYSE AIG opened at $76.11 on Tuesday. The company’s 50-day simple moving average is $73.80 and its two-hundred day simple moving average is $74.65. American International Group, Inc. has a one year low of $67.53 and a one year high of $80.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.65 and a quick ratio of 0.65.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The company had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. Analysts forecast that American International Group, Inc. will post 4.89 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a $0.40 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

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 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.