Quilter Plc Cuts Stake in American International Group, Inc. (NYSE:AIG)

Quilter Plc decreased its stake in American International Group, Inc. (NYSE:AIG) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,917 shares of the insurance provider’s stock after selling 1,011 shares during the period. Quilter Plc’s holdings in American International Group were worth $4,003,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in American International Group by 199.2% in the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 239 shares during the period. Y.D. More Investments Ltd acquired a new position in shares of American International Group during the second quarter worth $27,000. Rise Advisors LLC purchased a new position in shares of American International Group in the first quarter valued at $29,000. Valued Wealth Advisors LLC grew its holdings in American International Group by 303.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 276 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after buying an additional 339 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AIG. JPMorgan Chase & Co. upped their price objective on shares of American International Group from $80.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Keefe, Bruyette & Woods lowered their price objective on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Piper Sandler cut their target price on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Barclays assumed coverage on shares of American International Group in a research report on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price target for the company. Finally, TD Cowen cut their price target on shares of American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $83.88.

Insider Activity at American International Group

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total transaction of $200,000,012.10. Following the completion of the transaction, the insider now owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by insiders.

American International Group Price Performance

Shares of NYSE AIG opened at $73.11 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $48.52 billion, a PE ratio of 10.91, a P/E/G ratio of 3.60 and a beta of 1.06. American International Group, Inc. has a 1-year low of $57.72 and a 1-year high of $80.83. The business’s fifty day moving average price is $74.81 and its two-hundred day moving average price is $75.69.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $1.75 EPS. On average, research analysts expect that American International Group, Inc. will post 5.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio (DPR) is 23.88%.

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.