RWA Wealth Partners LLC Buys 139 Shares of American International Group, Inc. $AIG

RWA Wealth Partners LLC raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.3% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,404 shares of the insurance provider’s stock after purchasing an additional 139 shares during the period. RWA Wealth Partners LLC’s holdings in American International Group were worth $383,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AIG. Brighton Jones LLC bought a new stake in shares of American International Group during the 4th quarter valued at $1,091,000. First Trust Advisors LP raised its position in shares of American International Group by 7.4% during the 4th quarter. First Trust Advisors LP now owns 458,495 shares of the insurance provider’s stock valued at $33,378,000 after purchasing an additional 31,405 shares during the period. TD Waterhouse Canada Inc. raised its position in shares of American International Group by 44.8% during the 4th quarter. TD Waterhouse Canada Inc. now owns 89,514 shares of the insurance provider’s stock valued at $6,517,000 after purchasing an additional 27,712 shares during the period. Stifel Financial Corp raised its position in shares of American International Group by 8.0% during the 4th quarter. Stifel Financial Corp now owns 707,090 shares of the insurance provider’s stock valued at $51,476,000 after purchasing an additional 52,448 shares during the period. Finally, Dark Forest Capital Management LP raised its position in shares of American International Group by 5.0% during the 4th quarter. Dark Forest Capital Management LP now owns 12,654 shares of the insurance provider’s stock valued at $921,000 after purchasing an additional 598 shares during the period. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Morgan Stanley upped their price target on American International Group from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Wells Fargo & Company upped their price target on American International Group from $81.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 6th. William Blair upgraded American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded American International Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average price target of $88.27.

American International Group Stock Up 1.4%

NYSE AIG opened at $82.4490 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $45.68 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.87 and a beta of 0.63. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The stock has a 50 day moving average price of $81.61 and a 200-day moving average price of $81.45.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the business earned $1.16 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, September 16th. American International Group’s dividend payout ratio is 34.09%.

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.