Universal Beteiligungs und Servicegesellschaft mbH Decreases Holdings in American International Group, Inc. $AIG

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in American International Group, Inc. (NYSE:AIG) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 365,737 shares of the insurance provider’s stock after selling 23,022 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.07% of American International Group worth $31,303,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AIG. Pinnacle Associates Ltd. grew its holdings in American International Group by 1.6% during the first quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock valued at $670,000 after purchasing an additional 122 shares during the period. Aaron Wealth Advisors LLC lifted its position in shares of American International Group by 2.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock valued at $468,000 after buying an additional 126 shares during the last quarter. Monument Capital Management grew its stake in shares of American International Group by 3.5% during the 2nd quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after acquiring an additional 129 shares during the period. Montag A & Associates Inc. increased its holdings in American International Group by 0.7% in the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider’s stock worth $1,546,000 after acquiring an additional 130 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after purchasing an additional 130 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Trading Down 1.6%

Shares of AIG opened at $76.51 on Tuesday. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The company has a market capitalization of $41.28 billion, a P/E ratio of 14.49, a P/E/G ratio of 0.77 and a beta of 0.73. 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 firm’s 50 day simple moving average is $78.74 and its 200 day simple moving average is $81.00.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The business had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter in the previous year, the company earned $1.23 EPS. Sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Piper Sandler cut 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 report on Thursday, October 2nd. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Jefferies Financial Group decreased their price objective on American International Group from $99.00 to $96.00 in a research note on Friday, November 7th. Evercore ISI raised their target price on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods reduced their target price 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. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.00.

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.