Simplicity Wealth LLC Has $384,000 Holdings in American International Group, Inc. $AIG

Simplicity Wealth LLC raised its position in American International Group, Inc. (NYSE:AIG) by 13.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,487 shares of the insurance provider’s stock after acquiring an additional 545 shares during the period. Simplicity Wealth LLC’s holdings in American International Group were worth $384,000 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 grew its stake 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 acquiring an additional 249 shares during the period. Barrett & Company Inc. acquired a new stake in American International Group in the second quarter valued at approximately $35,000. Hemington Wealth Management grew its stake 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 acquiring an additional 142 shares during the period. Ameritas Advisory Services LLC purchased a new position in shares of American International Group during the second quarter valued at approximately $42,000. Finally, NBC Securities Inc. purchased a new position in shares of American International Group during the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AIG shares. Wall Street Zen raised American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. William Blair raised American International Group to a “strong-buy” rating in a research report on Friday, August 1st. The Goldman Sachs Group lifted their target price on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a research report on Monday. Wolfe Research started coverage on American International Group in a research report on Tuesday, September 16th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley cut their target price on American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $88.94.

American International Group Stock Down 0.0%

Shares of NYSE:AIG opened at $84.01 on Thursday. The company has a market capitalization of $46.54 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 0.89 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. The business has a fifty day moving average price of $79.61 and a two-hundred day moving average price of $81.70. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter in the prior year, the company earned $1.16 EPS. Analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. American International Group’s payout ratio 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.