CV Advisors LLC Sells 14,845 Shares of American International Group, Inc. $AIG

CV Advisors LLC lessened its stake in American International Group, Inc. (NYSE:AIG) by 74.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,155 shares of the insurance provider’s stock after selling 14,845 shares during the quarter. CV Advisors LLC’s holdings in American International Group were worth $405,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vise Technologies Inc. purchased a new position in American International Group during the 2nd quarter valued at approximately $858,000. Jupiter Asset Management Ltd. bought a new position in shares of American International Group during the 2nd quarter valued at approximately $6,127,000. Patton Fund Management Inc. purchased a new position in shares of American International Group in the second quarter valued at $232,000. Allworth Financial LP grew its holdings in shares of American International Group by 132.6% in the second quarter. Allworth Financial LP now owns 12,457 shares of the insurance provider’s stock valued at $1,066,000 after purchasing an additional 7,101 shares in the last quarter. Finally, Callan Family Office LLC increased its position in American International Group by 303.4% in the second quarter. Callan Family Office LLC now owns 24,782 shares of the insurance provider’s stock worth $2,121,000 after purchasing an additional 18,639 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. HSBC dropped their price objective on shares of American International Group from $93.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Wolfe Research began coverage on American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Jefferies Financial Group boosted their price objective on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, TD Cowen lifted their target price on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average target price of $89.28.

American International Group Stock Down 0.6%

NYSE:AIG opened at $85.64 on Friday. The company has a market cap of $46.21 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 0.88 and a beta of 0.61. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The stock has a fifty day simple moving average of $79.98 and a 200-day simple moving average of $80.43. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.63. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a net margin of 11.89% and a return on equity of 9.09%. During the same period in the previous year, the company earned $1.23 EPS. Analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

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

American International Group 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.