American International Group, Inc. $AIG Shares Sold by Cwm LLC

Cwm LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 40.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,543 shares of the insurance provider’s stock after selling 32,094 shares during the period. Cwm LLC’s holdings in American International Group were worth $3,655,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AIG. Aaron Wealth Advisors LLC grew its position in American International Group by 2.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after purchasing an additional 126 shares during the last quarter. Monument Capital Management grew its holdings in shares of American International Group by 3.5% during the second quarter. Monument Capital Management now owns 3,828 shares of the insurance provider’s stock worth $328,000 after buying an additional 129 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of American International Group by 2.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock worth $434,000 after buying an additional 129 shares during the last quarter. Westwood Holdings Group Inc. increased its position in American International Group by 2.9% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 130 shares during the period. Finally, First Bank & Trust raised its stake in American International Group by 2.2% during the 3rd quarter. First Bank & Trust now owns 6,053 shares of the insurance provider’s stock valued at $475,000 after acquiring an additional 131 shares during 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 a number of recent research reports. Jefferies Financial Group boosted their target price on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, December 16th. UBS Group lifted their price objective on shares of American International Group from $90.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Cantor Fitzgerald reissued a “neutral” rating on shares of American International Group in a research note on Thursday, December 11th. Bank of America raised their target price on shares of American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research note on Monday, October 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $89.28.

American International Group Trading Down 0.6%

Shares of AIG opened at $85.64 on Friday. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $46.21 billion, a P/E ratio of 15.57, a PEG ratio of 0.88 and a beta of 0.61. The firm’s 50-day moving average is $79.98 and its two-hundred day moving average is $80.43.

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

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, December 16th. American International Group’s payout ratio is presently 32.73%.

About American International Group

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.