Annis Gardner Whiting Capital Advisors LLC Increases Stock Position in American International Group, Inc. $AIG

Annis Gardner Whiting Capital Advisors LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 3,583.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,109 shares of the insurance provider’s stock after acquiring an additional 13,726 shares during the period. Annis Gardner Whiting Capital Advisors LLC’s holdings in American International Group were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Westfuller Advisors LLC purchased a new position in American International Group during the 3rd quarter worth approximately $26,000. Eastern Bank boosted its holdings in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of American International Group in the second quarter valued at approximately $32,000. GFG Capital LLC purchased a new position in shares of American International Group during the second quarter worth approximately $33,000. Finally, Motco increased its holdings in shares of American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 380 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Piper Sandler raised their price objective on shares of American International Group from $88.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Jefferies Financial Group boosted their price target on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research report on Tuesday, December 16th. JPMorgan Chase & Co. upped their price objective on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Wells Fargo & Company lifted their target price on American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $87.42.

American International Group Trading Down 0.6%

Shares of AIG stock opened at $73.39 on Thursday. The business’s fifty day moving average price is $78.96 and its 200 day moving average price is $79.21. The firm has a market capitalization of $39.60 billion, a PE ratio of 13.34, a P/E/G ratio of 0.56 and a beta of 0.62. 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, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07.

American International Group (NYSE:AIG) last issued its 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. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the firm earned $1.23 EPS. As a group, sell-side analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The business 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 annualized dividend and a yield of 2.5%. The ex-dividend date was Tuesday, December 16th. American International Group’s dividend payout ratio is presently 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.