American International Group, Inc. $AIG Shares Sold by Auxano Advisors LLC

Auxano Advisors LLC lessened its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,793 shares of the insurance provider’s stock after selling 1,335 shares during the period. Auxano Advisors LLC’s holdings in American International Group were worth $1,694,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in American International Group during the fourth quarter worth approximately $1,091,000. Kestra Private Wealth Services LLC grew its position in shares of American International Group by 3.2% in the 1st quarter. Kestra Private Wealth Services LLC now owns 14,956 shares of the insurance provider’s stock valued at $1,300,000 after buying an additional 466 shares during the last quarter. IFP Advisors Inc raised its stake in American International Group by 34.9% during the 1st quarter. IFP Advisors Inc now owns 2,882 shares of the insurance provider’s stock worth $251,000 after acquiring an additional 745 shares in the last quarter. Crestwood Advisors Group LLC raised its stake in American International Group by 24.7% during the 1st quarter. Crestwood Advisors Group LLC now owns 5,113 shares of the insurance provider’s stock worth $444,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its position in American International Group by 0.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 388,759 shares of the insurance provider’s stock valued at $33,799,000 after acquiring an additional 2,598 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 1.7%

Shares of American International Group stock opened at $75.75 on Thursday. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a market cap of $40.88 billion, a P/E ratio of 14.35, a PEG ratio of 0.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a fifty day moving average of $78.66 and a two-hundred day moving average of $80.92.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the previous year, the business posted $1.23 earnings per share. On average, analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. American International Group’s payout ratio is presently 32.73%.

Analysts Set New Price Targets

AIG has been the topic of several research reports. Morgan Stanley dropped their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. The Goldman Sachs Group cut their price target on American International Group from $86.00 to $84.00 and set a “neutral” rating on the stock in a research report on Wednesday. Evercore ISI increased their price objective on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Bank of America lifted their target price on shares of American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Finally, UBS Group upped their price target 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.87.

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.