Claro Advisors LLC Lowers Stake in American International Group, Inc. $AIG

Claro Advisors LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 49.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,443 shares of the insurance provider’s stock after selling 2,417 shares during the period. Claro Advisors LLC’s holdings in American International Group were worth $209,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sachetta LLC grew its holdings in American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 249 shares during the period. GFG Capital LLC acquired a new stake in American International Group in the 2nd quarter valued at $33,000. Barrett & Company Inc. purchased a new stake in American International Group in the 2nd quarter worth $35,000. NewSquare Capital LLC raised its position in American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 154 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in American International Group in the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wolfe Research started coverage on American International Group in a research note on Tuesday, September 16th. They issued a “peer perform” rating on the stock. UBS Group upped their target price on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their target price 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. JPMorgan Chase & Co. boosted their price target on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group upped their price objective on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.13.

American International Group Stock Up 0.0%

Shares of NYSE:AIG opened at $76.33 on Friday. The firm has a market capitalization of $42.29 billion, a PE 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 1 year low of $69.24 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The firm’s 50-day moving average is $79.22 and its two-hundred day moving average is $81.21.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Tuesday, November 4th. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $6.84 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. Analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

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.