Birch Financial Group LLC Buys New Shares in American International Group, Inc. $AIG

Birch Financial Group LLC purchased a new stake in shares of American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,944 shares of the insurance provider’s stock, valued at approximately $594,000.

Several other institutional investors have also recently modified their holdings of the company. Westfuller Advisors LLC purchased a new position in shares of American International Group during the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp boosted 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 buying an additional 355 shares in the last quarter. Eastern Bank grew its position in American International Group by 2,473.3% during 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 last quarter. Twin Peaks Wealth Advisors LLC bought a new position in American International Group during the second quarter valued at approximately $32,000. Finally, Motco raised its stake in shares of American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 380 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

American International Group Stock Performance

NYSE:AIG opened at $74.06 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $88.07. The firm has a market cap of $39.74 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 0.56 and a beta of 0.58. The business has a 50 day moving average price of $76.51 and a 200-day moving average price of $78.29.

American International Group (NYSE:AIG) last issued its earnings results on Thursday, February 12th. The insurance provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the firm earned $1.30 earnings per share. Equities research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 16th were given a $0.45 dividend. The ex-dividend date was Monday, March 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. American International Group’s payout ratio is presently 33.21%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Evercore lowered their price objective on shares of American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Bank of America decreased their target price 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. Keefe, Bruyette & Woods boosted their price target on shares of American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Morgan Stanley set a $83.00 price target on shares of American International Group in a research report on Monday, March 16th. Finally, Piper Sandler reduced their price objective on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American International Group presently 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.