American International Group, Inc. $AIG Stock Holdings Trimmed by Geode Capital Management LLC

Geode Capital Management LLC lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,161,204 shares of the insurance provider’s stock after selling 276,730 shares during the period. Geode Capital Management LLC’s holdings in American International Group were worth $1,035,636,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its stake in American International Group by 7,100.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after acquiring an additional 355 shares in the last quarter. Navalign LLC bought a new stake in American International Group during the 4th quarter valued at $29,000. Aventura Private Wealth LLC bought a new stake in American International Group during the 4th quarter valued at $39,000. JPL Wealth Management LLC bought a new stake in American International Group during the 3rd quarter valued at $39,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in American International Group during the 4th quarter valued at $52,000. Institutional investors own 90.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AIG shares. The Goldman Sachs Group lifted their target price on American International Group from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Mizuho lifted their target price on American International Group from $84.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group lifted their target price on American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Keefe, Bruyette & Woods lifted their target price on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Finally, Morgan Stanley dropped their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $88.06.

American International Group Stock Down 0.2%

AIG opened at $74.26 on Friday. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $76.12 and its 200-day moving average is $77.56. The company has a market capitalization of $39.37 billion, a PE ratio of 13.10, a P/E/G ratio of 0.68 and a beta of 0.53.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $7.03 billion. During the same quarter in the previous year, the business earned $1.17 EPS. On average, equities analysts predict that American International Group, Inc. will post 7.97 EPS for the current fiscal year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

About American International Group

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.