Thoroughbred Financial Services LLC Sells 4,946 Shares of American International Group, Inc. $AIG

Thoroughbred Financial Services LLC trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 34.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,463 shares of the insurance provider’s stock after selling 4,946 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in American International Group were worth $809,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GFG Capital LLC bought a new position in American International Group in the 2nd quarter valued at approximately $33,000. Barrett & Company Inc. purchased a new stake in shares of American International Group during the second quarter valued at approximately $35,000. NewSquare Capital LLC raised its stake in shares of American International Group by 58.6% in the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after buying an additional 154 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in American International Group during the 2nd quarter worth about $40,000. Finally, Hemington Wealth Management raised its holdings 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 acquiring an additional 142 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Evercore ISI boosted their price objective 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. Morgan Stanley cut their price objective on shares of 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. Piper Sandler dropped their price objective on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Jefferies Financial Group decreased their price target on American International Group from $99.00 to $96.00 in a report on Friday, November 7th. Finally, The Goldman Sachs Group increased their price objective on shares of American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Two investment 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

American International Group Stock Performance

NYSE:AIG opened at $77.83 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The stock has a market capitalization of $41.99 billion, a PE ratio of 14.83, a P/E/G ratio of 0.77 and a beta of 0.73. The company has a fifty day moving average of $78.78 and a two-hundred day moving average of $81.03.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter last year, the firm earned $1.23 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal 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 given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s payout ratio is currently 32.73%.

American International Group 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.