Kingsview Wealth Management LLC Has $528,000 Stock Holdings in American International Group, Inc. (NYSE:AIG)

Kingsview Wealth Management LLC increased its stake in American International Group, Inc. (NYSE:AIG) by 6.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,209 shares of the insurance provider’s stock after acquiring an additional 423 shares during the quarter. Kingsview Wealth Management LLC’s holdings in American International Group were worth $528,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Forum Financial Management LP boosted its stake in shares of American International Group by 1.1% in the 2nd quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider’s stock valued at $904,000 after purchasing an additional 128 shares during the last quarter. Quent Capital LLC lifted its holdings in American International Group by 4.0% in the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after buying an additional 146 shares during the period. EagleClaw Capital Managment LLC boosted its position in American International Group by 0.5% during the third quarter. EagleClaw Capital Managment LLC now owns 30,379 shares of the insurance provider’s stock valued at $2,225,000 after acquiring an additional 150 shares during the last quarter. Graypoint LLC grew its holdings in American International Group by 2.0% during the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after acquiring an additional 167 shares during the period. Finally, Commerce Bank raised its position in shares of American International Group by 1.0% in the 3rd quarter. Commerce Bank now owns 17,234 shares of the insurance provider’s stock worth $1,262,000 after acquiring an additional 172 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AIG has been the topic of several research analyst reports. JPMorgan Chase & Co. upgraded American International Group from a “neutral” rating to an “overweight” rating and cut their target price for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research report on Tuesday, November 12th. UBS Group boosted their target price on shares of American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Barclays assumed coverage on shares of American International Group in a report on Wednesday, September 4th. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Evercore ISI dropped their price objective on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating on the stock in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, American International Group has a consensus rating of “Moderate Buy” and an average target price of $84.80.

American International Group Stock Up 1.1 %

Shares of NYSE:AIG opened at $77.13 on Thursday. The business’s 50 day moving average is $75.69 and its 200 day moving average is $75.51. American International Group, Inc. has a 12-month low of $64.54 and a 12-month high of $80.83. The stock has a market cap of $48.11 billion, a price-to-earnings ratio of -22.75, a PEG ratio of 7.53 and a beta of 1.05. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. The firm had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the previous year, the firm earned $1.61 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 5.12 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.07%. American International Group’s dividend payout ratio (DPR) is -47.20%.

Insiders Place Their Bets

In related news, major shareholder International Group American sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now directly owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.