Cypress Wealth Services LLC Makes New Investment in American International Group, Inc. $AIG

Cypress Wealth Services LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,833 shares of the insurance provider’s stock, valued at approximately $1,269,000.

Other hedge funds have also recently made changes to their positions in the company. Westfuller Advisors LLC bought a new position in American International Group in the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp raised its stake in shares of 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 during the last quarter. Eastern Bank raised its stake 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 worth $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group in the second quarter valued at approximately $32,000. Finally, Motco lifted its holdings in shares of 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 in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Performance

Shares of American International Group stock opened at $73.04 on Friday. The business’s fifty day simple moving average is $76.48 and its 200 day simple moving average is $78.33. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $88.07. The firm has a market capitalization of $39.19 billion, a P/E ratio of 13.48, a price-to-earnings-growth ratio of 0.56 and a beta of 0.58.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Thursday, February 12th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. American International Group had a return on equity of 9.79% and a net margin of 11.56%.The firm had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the prior year, the company earned $1.30 EPS. As a group, analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, March 16th. American International Group’s dividend payout ratio (DPR) is 33.21%.

Analyst Ratings Changes

Several brokerages recently issued reports on AIG. Evercore decreased their price target on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Barclays dropped their price objective on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Morgan Stanley set a $83.00 price objective on shares of American International Group in a report on Monday, March 16th. UBS Group lowered their target price on shares of American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, 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 report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, American International Group currently has a consensus rating of “Hold” and a consensus price target of $88.17.

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.