United Asset Strategies Inc. Boosts Holdings in American International Group, Inc. (NYSE:AIG)

United Asset Strategies Inc. grew its position in American International Group, Inc. (NYSE:AIG) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 131,390 shares of the insurance provider’s stock after acquiring an additional 2,997 shares during the period. United Asset Strategies Inc.’s holdings in American International Group were worth $9,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AIG. Wealth Enhancement Advisory Services LLC lifted its holdings in American International Group by 8.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 28,309 shares of the insurance provider’s stock valued at $2,213,000 after acquiring an additional 2,106 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of American International Group by 13.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 627,917 shares of the insurance provider’s stock worth $49,084,000 after acquiring an additional 72,487 shares during the period. Norden Group LLC grew its holdings in shares of American International Group by 46.8% in the 1st quarter. Norden Group LLC now owns 10,157 shares of the insurance provider’s stock worth $794,000 after acquiring an additional 3,237 shares during the period. DecisionPoint Financial LLC purchased a new position in American International Group in the 1st quarter valued at approximately $60,000. Finally, Diversify Advisory Services LLC purchased a new stake in American International Group during the first quarter worth $734,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of American International Group stock traded down $0.41 on Thursday, hitting $76.43. The company had a trading volume of 845,267 shares, compared to its average volume of 4,067,713. American International Group, Inc. has a 52 week low of $60.82 and a 52 week high of $80.83. The company has a market cap of $49.22 billion, a PE ratio of -59.57, a PEG ratio of 3.88 and a beta of 1.06. The business has a 50-day simple moving average of $75.06 and a 200-day simple moving average of $75.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67.

American International Group (NYSE:AIG) last issued its earnings results 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). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter in the previous year, the business posted $1.75 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Research analysts expect that American International Group, Inc. will post 5.09 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder International Group American sold 8,032,129 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the transaction, the insider now owns 284,238,898 shares of the company’s stock, valued at approximately $7,077,548,560.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. TD Cowen dropped their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Barclays assumed coverage on shares of American International Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $87.00 price objective on shares of American International Group in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company dropped their price objective on shares of American International Group from $79.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, American International Group has a consensus rating of “Hold” and an average target price of $84.38.

American International Group 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.