U.S. Capital Wealth Advisors LLC Purchases New Holdings in American International Group, Inc. (NYSE:AIG)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,807 shares of the insurance provider’s stock, valued at approximately $393,000.

Several other large investors have also recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC boosted its position in American International Group by 0.9% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 18,553 shares of the insurance provider’s stock valued at $1,257,000 after purchasing an additional 157 shares during the last quarter. Meeder Advisory Services Inc. lifted its position in shares of American International Group by 1.3% in the third quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock valued at $776,000 after buying an additional 162 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in shares of American International Group by 3.6% in the third quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock valued at $292,000 after buying an additional 167 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of American International Group by 2.7% in the fourth quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock valued at $458,000 after buying an additional 176 shares during the last quarter. Finally, Aspiriant LLC lifted its position in shares of American International Group by 3.4% in the fourth quarter. Aspiriant LLC now owns 5,417 shares of the insurance provider’s stock valued at $367,000 after buying an additional 178 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American International Group

In related news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the sale, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Inglis bought 659 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the transaction, the director now owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company’s stock.

American International Group Trading Up 0.4 %

Shares of AIG stock opened at $80.28 on Wednesday. The stock’s fifty day simple moving average is $75.73 and its 200 day simple moving average is $69.84. American International Group, Inc. has a twelve month low of $51.86 and a twelve month high of $80.76. The firm has a market capitalization of $53.28 billion, a P/E ratio of 11.98, a P/E/G ratio of 1.11 and a beta of 1.02. 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 (NYSE:AIG) last released its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. American International Group had a return on equity of 10.54% and a net margin of 9.98%. The firm had revenue of $12.58 billion for the quarter, compared to analyst estimates of $12.04 billion. During the same quarter in the previous year, the company posted $1.63 EPS. As a group, sell-side analysts predict that American International Group, Inc. will post 7.05 EPS for the current fiscal year.

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

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Friday, June 14th. This is a positive change from American International Group’s previous quarterly dividend of $0.36. American International Group’s payout ratio is 21.49%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AIG. Royal Bank of Canada raised their price objective 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. Evercore ISI raised their price objective 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. Morgan Stanley increased their target price on American International Group from $72.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Citigroup lifted their price objective on American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Piper Sandler lifted their price objective on American International Group from $87.00 to $89.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.44.

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 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.