AG2R LA Mondiale Gestion D Actifs Sells 703 Shares of American International Group, Inc. $AIG

AG2R LA Mondiale Gestion D Actifs trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 3.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,071 shares of the insurance provider’s stock after selling 703 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in American International Group were worth $1,975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Sachetta LLC increased its stake in American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 249 shares in the last quarter. GFG Capital LLC bought a new stake in American International Group during the 2nd quarter valued at about $33,000. Barrett & Company Inc. bought a new stake in American International Group during the 2nd quarter valued at about $35,000. Caitong International Asset Management Co. Ltd bought a new stake in American International Group during the 2nd quarter valued at about $40,000. Finally, Hemington Wealth Management increased its stake in American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 142 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

AIG opened at $78.93 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market cap of $43.73 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.78 and a beta of 0.68. The company’s 50 day moving average is $79.91 and its 200 day moving average is $81.42. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $6.77 billion for 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 earnings per share. On average, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were issued a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is presently 34.09%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Cfra Research upgraded shares of American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Bank of America raised their price target on shares of American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. William Blair raised shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. Evercore ISI raised their price target on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $89.81.

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.