American International Group, Inc. (NYSE:AIG) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in American International Group, Inc. (NYSE:AIGGet Rating) by 48.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,672 shares of the insurance provider’s stock after selling 22,856 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in American International Group were worth $1,171,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. FMR LLC boosted its holdings in shares of American International Group by 2.4% in the second quarter. FMR LLC now owns 20,562,817 shares of the insurance provider’s stock valued at $1,051,376,000 after acquiring an additional 473,756 shares during the period. GQG Partners LLC boosted its holdings in shares of American International Group by 14.4% in the second quarter. GQG Partners LLC now owns 9,109,926 shares of the insurance provider’s stock valued at $466,068,000 after acquiring an additional 1,146,973 shares during the period. Legal & General Group Plc boosted its holdings in shares of American International Group by 1.1% in the second quarter. Legal & General Group Plc now owns 5,494,508 shares of the insurance provider’s stock valued at $280,934,000 after acquiring an additional 62,214 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of American International Group by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,005,362 shares of the insurance provider’s stock worth $314,187,000 after purchasing an additional 63,099 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of American International Group by 175.6% during the second quarter. AQR Capital Management LLC now owns 3,371,929 shares of the insurance provider’s stock worth $167,551,000 after purchasing an additional 2,148,227 shares during the period. 89.01% of the stock is owned by institutional investors and hedge funds.

American International Group Trading Up 1.2 %

Shares of AIG stock opened at $62.47 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.75. The business has a fifty day simple moving average of $62.41 and a 200-day simple moving average of $56.27. American International Group, Inc. has a fifty-two week low of $47.05 and a fifty-two week high of $65.73. The stock has a market cap of $46.41 billion, a P/E ratio of 3.72, a P/E/G ratio of 1.05 and a beta of 1.19.

American International Group (NYSE:AIGGet Rating) last announced its earnings results on Tuesday, November 1st. The insurance provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.07. The company had revenue of $11.33 billion during the quarter, compared to analysts’ expectations of $11.50 billion. American International Group had a net margin of 23.33% and a return on equity of 7.33%. On average, analysts forecast that American International Group, Inc. will post 4.36 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Thursday, December 15th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date of this dividend was Wednesday, December 14th. American International Group’s payout ratio is currently 7.61%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group assumed coverage on American International Group in a report on Monday, October 10th. They set a “buy” rating and a $83.00 price target for the company. Citigroup assumed coverage on American International Group in a report on Wednesday, December 14th. They set a “buy” rating and a $72.00 price target for the company. Piper Sandler decreased their price target on American International Group from $68.00 to $62.00 in a report on Monday, October 10th. Bank of America reaffirmed a “buy” rating and set a $58.00 price target on shares of American International Group in a report on Monday, October 10th. Finally, StockNews.com initiated coverage on American International Group in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.08.

American International Group Profile

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American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment provides general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance.

Further Reading

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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