Curated Wealth Partners LLC Has $1.92 Million Stake in American International Group, Inc. $AIG

Curated Wealth Partners LLC trimmed its position in shares of American International Group, Inc. (NYSE:AIGFree Report) by 7.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,377 shares of the insurance provider’s stock after selling 1,861 shares during the quarter. American International Group accounts for 0.2% of Curated Wealth Partners LLC’s investment portfolio, making the stock its 27th largest holding. Curated Wealth Partners LLC’s holdings in American International Group were worth $1,915,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of AIG. GQG Partners LLC raised its holdings in shares of American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after acquiring an additional 18,852,949 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of American International Group by 20.4% in the first quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after purchasing an additional 1,901,998 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of American International Group by 22.8% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after purchasing an additional 1,694,290 shares during the last quarter. Nuveen LLC purchased a new stake in shares of American International Group in the first quarter worth approximately $440,273,000. Finally, AQR Capital Management LLC raised its position in American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after buying an additional 2,162,545 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Citigroup began coverage on shares of American International Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Bank of America increased their price target on American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Evercore ISI increased their price target on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $89.81.

Check Out Our Latest Analysis on AIG

American International Group Price Performance

AIG opened at $82.93 on Wednesday. The company has a market capitalization of $45.94 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.86 and a beta of 0.68. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $79.96 and a 200-day moving average price of $81.64. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07.

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

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s payout ratio is presently 34.09%.

American International Group Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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