American International Group, Inc. $AIG Shares Acquired by SteelPeak Wealth LLC

SteelPeak Wealth LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 44.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,004 shares of the insurance provider’s stock after purchasing an additional 7,060 shares during the period. SteelPeak Wealth LLC’s holdings in American International Group were worth $1,968,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new position in shares of American International Group during the fourth quarter valued at $1,091,000. Sivia Capital Partners LLC increased its holdings in shares of American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after acquiring an additional 1,185 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in American International Group in the 2nd quarter valued at about $32,000. CW Advisors LLC boosted its stake in American International Group by 3.0% during the 2nd quarter. CW Advisors LLC now owns 14,640 shares of the insurance provider’s stock valued at $1,253,000 after purchasing an additional 423 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in American International Group by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 7,464 shares of the insurance provider’s stock valued at $639,000 after purchasing an additional 3,180 shares during the period. 90.60% of the stock is currently owned by institutional investors.

American International Group Price Performance

NYSE AIG opened at $75.45 on Friday. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $87.47. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.61 and a quick ratio of 0.61. The firm has a market capitalization of $40.51 billion, a PE ratio of 13.92, a P/E/G ratio of 0.58 and a beta of 0.59. The company’s 50 day simple moving average is $76.77 and its 200 day simple moving average is $78.23.

American International Group (NYSE:AIG) last released its earnings results on Thursday, February 12th. The insurance provider reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.55 billion during 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, equities research analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. American International Group’s dividend payout ratio (DPR) is currently 33.21%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on AIG. Wells Fargo & Company lifted their price target on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Evercore decreased their price objective on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. TD Cowen raised their target price on American International Group from $86.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, December 16th. Keefe, Bruyette & Woods lifted their target price on American International Group from $96.00 to $97.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, UBS Group reduced their price target on American International Group from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and an average price target of $88.00.

About American International Group

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.