American International Group, Inc. $AIG Shares Sold by Ellevest Inc.

Ellevest Inc. decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 12.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 4,576 shares of the insurance provider’s stock after selling 673 shares during the quarter. Ellevest Inc.’s holdings in American International Group were worth $392,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AIG. GQG Partners LLC boosted its position in American International Group by 33,315.0% during the first 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. Nuveen LLC purchased a new position in American International Group in the 1st quarter worth approximately $440,273,000. AQR Capital Management LLC lifted its stake 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 worth $287,214,000 after purchasing an additional 2,162,545 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of American International Group by 151.6% during the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after purchasing an additional 1,980,001 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position 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 valued at $792,340,000 after purchasing an additional 1,694,290 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Up 0.0%

Shares of AIG opened at $76.33 on Friday. The firm has a market cap of $42.29 billion, a P/E ratio of 14.46, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The company’s 50-day moving average price is $79.22 and its 200 day moving average price is $81.21. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter last year, the firm posted $1.23 earnings per share. On average, sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is 32.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley reduced their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Barclays lifted their price target on American International Group from $93.00 to $95.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup started coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price target on the stock. Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, American International Group currently has an average rating of “Moderate Buy” and a consensus target price of $90.13.

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.