Signal Advisors Wealth LLC Sells 8,471 Shares of American International Group, Inc. $AIG

Signal Advisors Wealth LLC reduced its stake in American International Group, Inc. (NYSE:AIG) by 52.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,685 shares of the insurance provider’s stock after selling 8,471 shares during the period. Signal Advisors Wealth LLC’s holdings in American International Group were worth $604,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. grew its position in shares of American International Group by 6.1% during the second quarter. Franklin Resources Inc. now owns 12,536,144 shares of the insurance provider’s stock valued at $1,072,969,000 after purchasing an additional 716,209 shares in the last quarter. Norges Bank purchased a new position in American International Group during the 2nd quarter valued at approximately $787,724,000. Raymond James Financial Inc. increased its stake in American International Group by 4.4% in the 2nd quarter. Raymond James Financial Inc. now owns 3,429,324 shares of the insurance provider’s stock worth $293,516,000 after acquiring an additional 143,361 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in American International Group by 21.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,341,348 shares of the insurance provider’s stock worth $285,986,000 after acquiring an additional 600,629 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after acquiring an additional 2,162,545 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

AIG has been the topic of several research reports. TD Cowen boosted their price target on shares of American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, December 16th. Wells Fargo & Company lifted their price objective on shares of American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 12th. Morgan Stanley decreased their target price on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research report on Monday, December 15th. Finally, HSBC decreased their price objective on American International Group from $93.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, November 20th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, American International Group has an average rating of “Hold” and an average price target of $88.89.

American International Group Stock Down 0.2%

Shares of NYSE:AIG opened at $86.06 on Monday. The firm has a market capitalization of $46.43 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 0.62. The business has a 50 day simple moving average of $78.74 and a two-hundred day simple moving average of $80.30. American International Group, Inc. has a 1 year low of $69.24 and a 1 year high of $88.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.32.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company earned $1.23 EPS. On average, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is 32.73%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.