Blair William & Co. IL Has $1.48 Million Stock Holdings in American International Group, Inc. $AIG

Blair William & Co. IL lifted its holdings in American International Group, Inc. (NYSE:AIG) by 8.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,323 shares of the insurance provider’s stock after purchasing an additional 1,366 shares during the quarter. Blair William & Co. IL’s holdings in American International Group were worth $1,483,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Patton Fund Management Inc. bought a new stake in shares of American International Group during the 2nd quarter worth approximately $232,000. AIA Group Ltd grew its holdings in shares of American International Group by 169.6% during the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after purchasing an additional 6,523 shares in the last quarter. Townsquare Capital LLC grew its holdings in shares of American International Group by 5.4% during the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after purchasing an additional 5,899 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of American International Group by 175.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock worth $15,807,000 after purchasing an additional 115,706 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in American International Group by 2.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock valued at $1,445,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of several research analyst reports. Piper Sandler reduced their price objective on American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. William Blair upgraded American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Bank of America lifted their target price on American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday. JPMorgan Chase & Co. lifted their target price on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Finally, Keefe, Bruyette & Woods reduced their price objective on 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. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $89.81.

American International Group Price Performance

American International Group stock opened at $81.30 on Thursday. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The business has a 50-day simple moving average of $80.01 and a 200 day simple moving average of $81.64. 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 stock has a market cap of $45.04 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.82 and a beta of 0.68.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.81 billion. During the same period in the prior year, the business earned $1.16 EPS. On average, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

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