American International Group, Inc. $AIG Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,161,204 shares of the insurance provider’s stock after selling 276,730 shares during the quarter. Geode Capital Management LLC owned 2.25% of American International Group worth $1,035,636,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Navalign LLC acquired a new position in shares of American International Group in the 4th quarter worth approximately $29,000. Atlantic Union Bankshares Corp grew its position in shares of American International Group by 7,100.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares in the last quarter. Aventura Private Wealth LLC acquired a new position in shares of American International Group in the 4th quarter worth approximately $39,000. JPL Wealth Management LLC acquired a new position in shares of American International Group in the 3rd quarter worth approximately $39,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of American International Group in the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

AIG has been the subject of several research reports. Mizuho lifted their target price on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. UBS Group lifted their target price on American International Group from $92.00 to $94.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Morgan Stanley decreased their target price on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods lifted their target price on American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Finally, Barclays lifted their target price on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.06.

American International Group Trading Down 0.2%

NYSE:AIG opened at $74.26 on Friday. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.46. The firm has a market capitalization of $39.37 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.68 and a beta of 0.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $76.12 and a 200 day simple moving average of $77.56.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The business had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. Equities research analysts predict that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s payout ratio is presently 31.75%.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.