Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $1.43 Million in American International Group, Inc. $AIG

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of American International Group, Inc. (NYSE:AIG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,660 shares of the insurance provider’s stock, valued at approximately $1,425,000.

A number of other large investors also recently bought and sold shares of AIG. Westfuller Advisors LLC purchased a new position in American International Group during the 3rd quarter valued at $26,000. Atlantic Union Bankshares Corp grew its holdings in shares of American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares during the last quarter. Navalign LLC bought a new position in shares of American International Group in the fourth quarter worth about $29,000. Aventura Private Wealth LLC bought a new position in shares of American International Group in the fourth quarter worth about $39,000. Finally, JPL Wealth Management LLC bought a new position in shares of American International Group in the third quarter worth about $39,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Mizuho upped their price target on shares of American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Morgan Stanley decreased their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Piper Sandler lowered their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, February 12th. Citigroup increased their price objective on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company dropped their price objective on American International Group from $86.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, American International Group has an average rating of “Hold” and a consensus target price of $88.06.

American International Group Stock Down 2.0%

Shares of NYSE:AIG opened at $77.03 on Friday. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.46. The stock has a market cap of $40.84 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 0.71 and a beta of 0.53. The business’s 50 day moving average is $76.18 and its 200 day moving average is $77.64. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion for the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter in the prior year, the firm earned $1.17 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group’s dividend payout ratio is 35.27%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.