Timber Creek Capital Management LLC Sells 2,375 Shares of American International Group, Inc. $AIG

Timber Creek Capital Management LLC lessened its position in American International Group, Inc. (NYSE:AIG) by 11.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,096 shares of the insurance provider’s stock after selling 2,375 shares during the period. Timber Creek Capital Management LLC’s holdings in American International Group were worth $1,498,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. GFG Capital LLC purchased a new position in American International Group during the 2nd quarter valued at about $33,000. Barrett & Company Inc. purchased a new position in American International Group during the 2nd quarter valued at $35,000. NewSquare Capital LLC increased its position in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 154 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American International Group in the 2nd quarter worth about $40,000. Finally, Hemington Wealth Management lifted its position 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 worth $41,000 after purchasing an additional 142 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of NYSE:AIG opened at $75.12 on Tuesday. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The business has a 50-day simple moving average of $78.51 and a two-hundred day simple moving average of $80.77. 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 market cap of $40.53 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) 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 $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm posted $1.23 EPS. On average, analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

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

Analysts Set New Price Targets

AIG has been the subject of several research analyst reports. Cfra Research upgraded shares of American International Group to a “moderate buy” rating in a report on Monday, August 11th. HSBC dropped their price target on shares of American International Group from $93.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, November 20th. Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. Keefe, Bruyette & Woods decreased 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 report on Tuesday, August 12th. Finally, Jefferies Financial Group cut their price target on shares of American International Group from $99.00 to $96.00 in a report on Friday, November 7th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.73.

About American International Group

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.