American International Group, Inc. $AIG Shares Sold by Avantra Family Wealth Inc.

Avantra Family Wealth Inc. lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 25.4% in the second quarter, Holdings Channel reports. The firm owned 9,748 shares of the insurance provider’s stock after selling 3,323 shares during the quarter. Avantra Family Wealth Inc.’s holdings in American International Group were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. GQG Partners LLC boosted its stake in American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after purchasing an additional 18,852,949 shares during the period. Bank of New York Mellon Corp boosted its stake in American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after purchasing an additional 1,901,998 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in American International Group by 22.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 9,113,636 shares of the insurance provider’s stock worth $792,340,000 after purchasing an additional 1,694,290 shares during the period. Nuveen LLC acquired a new stake in American International Group during the 1st quarter worth $440,273,000. Finally, AQR Capital Management LLC boosted its stake in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after purchasing an additional 2,162,545 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $83.00 on Tuesday. The company has a 50-day simple moving average of $79.37 and a 200-day simple moving average of $81.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $45.98 billion, a PE ratio of 15.72, a P/E/G ratio of 0.87 and a beta of 0.68. American International Group, Inc. has a 52-week low of $69.24 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the firm posted $1.16 EPS. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 34.09%.

Analysts Set New Price Targets

AIG has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price target on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup initiated coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price objective for the company. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods cut their price objective on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Finally, Cantor Fitzgerald upgraded shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and an average target price of $88.25.

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.