American International Group, Inc. $AIG Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 25.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 96,973 shares of the insurance provider’s stock after selling 33,936 shares during the period. Federated Hermes Inc.’s holdings in American International Group were worth $7,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Westfuller Advisors LLC acquired a new position in American International Group during the 3rd quarter worth about $26,000. Eastern Bank lifted its stake in American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of American International Group during the second quarter worth $32,000. GFG Capital LLC purchased a new position in shares of American International Group in the 2nd quarter valued at about $33,000. Finally, Motco increased its stake in American International Group by 950.0% in the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG stock opened at $74.85 on Monday. American International Group, Inc. has a one year low of $71.25 and a one year high of $88.07. The firm has a market capitalization of $40.39 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.56 and a beta of 0.61. 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 company has a 50 day moving average price of $78.90 and a 200 day moving average price of $79.10.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 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 company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $1.23 EPS. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors 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 2.4%. The ex-dividend date of this dividend was Tuesday, December 16th. American International Group’s dividend payout ratio is 32.73%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AIG. HSBC decreased their target price on American International Group from $91.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 16th. Bank of America dropped their price target on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, January 16th. Mizuho cut their price objective on American International Group from $84.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. JPMorgan Chase & Co. boosted their price target on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, Barclays decreased their price objective on shares of American International Group from $88.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Two 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.42.

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.