American International Group, Inc. $AIG Shares Sold by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR lessened its stake in American International Group, Inc. (NYSE:AIG) by 76.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,919 shares of the insurance provider’s stock after selling 22,907 shares during the period. Generali Asset Management SPA SGR’s holdings in American International Group were worth $543,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Twin Peaks Wealth Advisors LLC purchased a new stake in American International Group during the second quarter worth $32,000. GFG Capital LLC acquired a new position in shares of American International Group in the second quarter worth about $33,000. Barrett & Company Inc. acquired a new position in shares of American International Group in the second quarter worth about $35,000. NewSquare Capital LLC boosted its stake in shares of American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 154 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of American International Group during the 2nd quarter worth about $40,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Stock Down 1.5%

NYSE AIG opened at $84.26 on Monday. 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 1.32 and a current ratio of 1.32. The business has a fifty day moving average price of $80.09 and a 200 day moving average price of $80.36. The company has a market cap of $45.46 billion, a P/E ratio of 15.32, a P/E/G ratio of 0.78 and a beta of 0.62.

American International Group (NYSE:AIG) last released its 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. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates 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 quarter in the prior year, the firm earned $1.23 earnings per share. Research analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

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

Wall Street Analyst Weigh In

AIG has been the subject of a number of analyst reports. TD Cowen upped their price target on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Royal Bank Of Canada began coverage on shares of American International Group in a research note on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price target on the stock. Wolfe Research initiated coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Finally, Mizuho initiated coverage on shares of American International Group in a research report on Tuesday, December 16th. They set a “neutral” rating and a $84.00 price objective for the company. Two equities research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.28.

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.