Private Trust Co. NA Increases Stock Position in American International Group, Inc. $AIG

Private Trust Co. NA increased its position in shares of American International Group, Inc. (NYSE:AIG) by 36.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,880 shares of the insurance provider’s stock after buying an additional 1,027 shares during the period. Private Trust Co. NA’s holdings in American International Group were worth $332,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AIG. Sachetta LLC raised its position in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 249 shares during the period. GFG Capital LLC acquired a new position in American International Group during the second quarter worth $33,000. Barrett & Company Inc. acquired a new position in American International Group during the second quarter worth $35,000. Hemington Wealth Management raised its position in American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 142 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new position in American International Group during the second quarter worth $42,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group upped their price objective on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 1st. Piper Sandler reduced their price objective on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Morgan Stanley reduced their target price on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 7th. Finally, William Blair upgraded shares of American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $89.81.

American International Group Price Performance

American International Group stock opened at $77.71 on Tuesday. 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 cap of $43.05 billion, a P/E ratio of 14.72, a PEG ratio of 0.76 and a beta of 0.68. The company has a 50-day moving average price of $79.98 and a 200 day moving average price of $81.42. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The firm 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 earned $1.16 earnings per share. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

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

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.