496 Shares in American International Group, Inc. $AIG Purchased by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC acquired a new position in shares of American International Group, Inc. (NYSE:AIG) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 496 shares of the insurance provider’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sachetta LLC increased its stake in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 249 shares during the last quarter. Hemington Wealth Management increased its stake in American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 142 shares during the last quarter. WPG Advisers LLC acquired a new stake in shares of American International Group during the 1st quarter worth about $47,000. SouthState Corp increased its position in shares of American International Group by 798.5% during the 1st quarter. SouthState Corp now owns 584 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 519 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC increased its position in shares of American International Group by 30.4% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 618 shares of the insurance provider’s stock worth $54,000 after purchasing an additional 144 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Piper Sandler dropped their price target on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Evercore ISI lifted their target price on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. UBS Group lifted their target price on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of American International Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $89.53.

American International Group Trading Up 0.7%

AIG opened at $81.84 on Tuesday. The company has a market cap of $45.34 billion, a P/E ratio of 15.50, a PEG ratio of 0.86 and a beta of 0.68. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The business’s 50-day simple moving average is $79.88 and its 200-day simple moving average is $81.63.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the prior year, the firm posted $1.16 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is 34.09%.

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.