Signal Advisors Wealth LLC Buys Shares of 16,156 American International Group, Inc. $AIG

Signal Advisors Wealth LLC bought a new stake in American International Group, Inc. (NYSE:AIG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,156 shares of the insurance provider’s stock, valued at approximately $1,383,000.

Other large investors also recently bought and sold shares of the company. Sachetta LLC grew its holdings in American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 249 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in American International Group in the fourth quarter valued at $29,000. Hemington Wealth Management grew its holdings in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 142 shares during the last quarter. WPG Advisers LLC acquired a new stake in American International Group in the first quarter valued at $47,000. Finally, NBC Securities Inc. acquired a new stake in American International Group in the first quarter valued at $47,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Citigroup assumed coverage on American International Group in a report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price on the stock. Cfra Research upgraded American International Group to a “moderate buy” rating in a research report on Monday, August 11th. William Blair upgraded American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Wolfe Research began coverage on American International Group in a research report on Tuesday. They issued a “peer perform” rating on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on American International Group from $97.00 to $91.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average target price of $88.27.

American International Group Stock Performance

NYSE AIG opened at $78.07 on Friday. The business’s 50-day moving average price is $79.87 and its 200 day moving average price is $81.98. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The company has a market capitalization of $43.25 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 0.82 and a beta of 0.70. 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 earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the business posted $1.16 earnings per share. On average, research analysts predict 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 will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is 34.09%.

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.