Aberdeen Group plc Sells 49,889 Shares of American International Group, Inc. $AIG

Aberdeen Group plc cut its stake in American International Group, Inc. (NYSE:AIG) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 428,547 shares of the insurance provider’s stock after selling 49,889 shares during the period. Aberdeen Group plc owned about 0.08% of American International Group worth $33,384,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Westfuller Advisors LLC bought a new position in American International Group in the 3rd quarter worth about $26,000. Atlantic Union Bankshares Corp grew its stake in American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 355 shares in the last quarter. Eastern Bank grew 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 purchasing an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group during the 2nd quarter worth $32,000. Finally, NewSquare Capital LLC raised its position in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

AIG has been the topic of several research reports. Wall Street Zen lowered American International Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Cantor Fitzgerald cut their target price on shares of American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Royal Bank Of Canada began coverage on shares of American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price target for the company. Wells Fargo & Company increased their price objective on shares of American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, The Goldman Sachs Group boosted their price objective on shares of American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $87.32.

American International Group Price Performance

Shares of AIG opened at $78.26 on Tuesday. The company has a market cap of $41.99 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 0.60 and a beta of 0.61. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $88.07. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $78.92 and a two-hundred day moving average of $78.85.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The business had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.45 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio (DPR) is 33.21%.

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.