American International Group, Inc. $AIG Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 4.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 111,918 shares of the insurance provider’s stock after selling 4,889 shares during the period. Amalgamated Bank’s holdings in American International Group were worth $9,579,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sachetta LLC raised its position in shares of American International Group by 194.5% in the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 249 shares in the last quarter. GFG Capital LLC acquired a new position in shares of American International Group in the 2nd quarter valued at approximately $33,000. Barrett & Company Inc. acquired a new position in shares of American International Group in the 2nd quarter valued at approximately $35,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of American International Group in the 2nd quarter valued at approximately $40,000. Finally, Hemington Wealth Management raised its position in shares of American International Group by 42.8% in the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 142 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on AIG. Wall Street Zen raised American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Evercore ISI upped their target price 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. The Goldman Sachs Group boosted their price target on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a report on Wednesday, October 8th. Finally, Citigroup started coverage on American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.81.

American International Group Price Performance

Shares of NYSE AIG opened at $78.18 on Friday. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $43.31 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of 0.77 and a beta of 0.68. The business has a 50 day simple moving average of $79.65 and a 200-day simple moving average of $81.32.

American International Group (NYSE:AIG) last issued its quarterly earnings results 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. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the previous year, the business earned $1.16 EPS. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 16th. 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.