American International Group, Inc. $AIG Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in American International Group, Inc. (NYSE:AIG) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,155 shares of the insurance provider’s stock after selling 198 shares during the quarter. Vontobel Holding Ltd.’s holdings in American International Group were worth $4,721,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Optas LLC increased its stake in shares of American International Group by 18.5% in the 2nd quarter. Optas LLC now owns 3,184 shares of the insurance provider’s stock worth $273,000 after acquiring an additional 498 shares during the last quarter. Joel Isaacson & Co. LLC purchased a new position in shares of American International Group during the 2nd quarter worth $222,000. KLP Kapitalforvaltning AS grew its holdings in shares of American International Group by 0.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 239,085 shares of the insurance provider’s stock worth $20,463,000 after purchasing an additional 1,000 shares during the period. Mraz Amerine & Associates Inc. purchased a new position in shares of American International Group during the 2nd quarter worth $789,000. Finally, Sendero Wealth Management LLC grew its holdings in shares of American International Group by 0.4% during the 2nd quarter. Sendero Wealth Management LLC now owns 38,752 shares of the insurance provider’s stock worth $3,317,000 after purchasing an additional 163 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of American International Group stock opened at $81.34 on Friday. The business has a 50-day moving average of $79.80 and a 200 day moving average of $81.68. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The stock has a market capitalization of $45.06 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 0.88 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

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

American International Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Piper Sandler lowered their price target on American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Keefe, Bruyette & Woods lowered their price target on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Evercore ISI increased their price target on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. Finally, Wolfe Research initiated coverage on American International Group in a report on Tuesday, September 16th. They set a “peer perform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.53.

American International Group Company 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.