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

Savant Capital LLC lessened its position in shares of American International Group, Inc. (NYSE:AIG) by 56.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,549 shares of the insurance provider’s stock after selling 23,707 shares during the period. Savant Capital LLC’s holdings in American International Group were worth $1,587,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AIG. Brighton Jones LLC purchased a new stake in American International Group during the fourth quarter valued at about $1,091,000. Sivia Capital Partners LLC grew its position in American International Group by 30.7% during the second quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares during the period. Flow Traders U.S. LLC purchased a new stake in American International Group during the second quarter valued at about $217,000. Ieq Capital LLC grew its position in American International Group by 11.5% during the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock valued at $20,958,000 after acquiring an additional 25,311 shares during the period. Finally, HUB Investment Partners LLC purchased a new stake in American International Group during the second quarter valued at about $269,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted their price target on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Morgan Stanley lowered their price target 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. Piper Sandler lowered their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, February 12th. Mizuho boosted their price target on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company lowered their price target on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $88.06.

American International Group Trading Up 0.0%

Shares of AIG opened at $74.26 on Monday. The stock’s 50-day moving average is $76.12 and its two-hundred day moving average is $77.57. The stock has a market cap of $39.37 billion, a PE ratio of 13.10, a P/E/G ratio of 0.68 and a beta of 0.52. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.46. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65.

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

American International Group Increases Dividend

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

About American International Group

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.