American International Group, Inc. (NYSE:AIG) Shares Bought by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its stake in shares of American International Group, Inc. (NYSE:AIG) by 30.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,265 shares of the insurance provider’s stock after buying an additional 984 shares during the quarter. RWA Wealth Partners LLC’s holdings in American International Group were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schroder Investment Management Group grew its holdings in American International Group by 3.9% during the 4th quarter. Schroder Investment Management Group now owns 321,646 shares of the insurance provider’s stock worth $23,335,000 after acquiring an additional 11,951 shares in the last quarter. Allianz SE acquired a new position in American International Group in the fourth quarter worth about $7,953,000. Allstate Corp acquired a new position in American International Group in the fourth quarter worth about $1,497,000. Brown Brothers Harriman & Co. increased its holdings in American International Group by 11.4% in the fourth quarter. Brown Brothers Harriman & Co. now owns 1,745 shares of the insurance provider’s stock valued at $127,000 after buying an additional 179 shares during the last quarter. Finally, Level Four Advisory Services LLC acquired a new stake in American International Group during the fourth quarter valued at approximately $206,000. Institutional investors own 90.60% of the company’s stock.

Insider Activity

In other news, Director John G. Rice bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price of $77.00 per share, with a total value of $770,000.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at $770,000. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

American International Group Stock Down 0.3 %

Shares of American International Group stock opened at $86.69 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a 1-year low of $69.00 and a 1-year high of $87.51. The business’s fifty day moving average price is $79.00 and its two-hundred day moving average price is $76.15. The company has a market capitalization of $51.43 billion, a P/E ratio of -41.68, a PEG ratio of 1.01 and a beta of 0.98.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. As a group, research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

Analyst Ratings Changes

AIG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price target on American International Group from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Tuesday. UBS Group lowered their target price on shares of American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Morgan Stanley raised their price target on shares of American International Group from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. Evercore ISI lifted their price target on shares of American International Group from $81.00 to $89.00 and gave the company an “in-line” rating in a report on Tuesday. Finally, Wells Fargo & Company increased their price objective on shares of American International Group from $76.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Eight analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, American International Group has an average rating of “Moderate Buy” and a consensus price target of $86.00.

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.