RWA Wealth Partners LLC Has $257,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

RWA Wealth Partners LLC raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,791 shares of the insurance provider’s stock after purchasing an additional 300 shares during the period. RWA Wealth Partners LLC’s holdings in American International Group were worth $257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Caprock Group LLC grew its holdings in American International Group by 18.5% during the third quarter. Caprock Group LLC now owns 9,619 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 1,505 shares during the last quarter. Czech National Bank grew its stake in shares of American International Group by 45.2% in the third quarter. Czech National Bank now owns 124,425 shares of the insurance provider’s stock worth $7,540,000 after acquiring an additional 38,747 shares during the last quarter. Handelsbanken Fonder AB grew its stake in shares of American International Group by 1.8% in the third quarter. Handelsbanken Fonder AB now owns 144,177 shares of the insurance provider’s stock worth $8,737,000 after acquiring an additional 2,483 shares during the last quarter. Simplicity Solutions LLC grew its stake in shares of American International Group by 3.8% in the third quarter. Simplicity Solutions LLC now owns 22,507 shares of the insurance provider’s stock worth $1,364,000 after acquiring an additional 821 shares during the last quarter. Finally, Denali Advisors LLC grew its stake in shares of American International Group by 49.2% in the third quarter. Denali Advisors LLC now owns 9,100 shares of the insurance provider’s stock worth $551,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AIG. Wells Fargo & Company raised their price objective on shares of American International Group from $74.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Evercore ISI lifted their price target on shares of American International Group from $74.00 to $80.00 and gave the stock an “in-line” rating in a research note on Thursday, April 11th. BMO Capital Markets decreased their price target on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Piper Sandler lifted their price target on shares of American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Finally, Citigroup lifted their price target on shares of American International Group from $79.00 to $87.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.38.

American International Group Stock Performance

American International Group stock opened at $74.47 on Friday. The stock has a 50-day simple moving average of $74.70 and a 200 day simple moving average of $68.94. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. American International Group, Inc. has a 12-month low of $48.95 and a 12-month high of $78.95. The stock has a market capitalization of $50.71 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.08 and a beta of 1.03.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The company’s revenue was up .0% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.95 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.93%. American International Group’s payout ratio is 28.86%.

Insider Buying and Selling

In related news, Director John C. Inglis bought 659 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the transaction, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Peter Zaffino sold 333,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Inglis acquired 659 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the transaction, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company’s stock.

About American International Group

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.