American International Group, Inc. (NYSE:AIG) Stock Position Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA cut its position in shares of American International Group, Inc. (NYSE:AIG) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,428 shares of the insurance provider’s stock after selling 7,787 shares during the period. Leeward Investments LLC MA’s holdings in American International Group were worth $19,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new position in shares of American International Group during the 3rd quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in shares of American International Group during the 3rd quarter valued at about $32,000. CNB Bank acquired a new position in shares of American International Group during the 3rd quarter valued at about $42,000. SouthState Corp increased its holdings in shares of American International Group by 41.7% during the 3rd quarter. SouthState Corp now owns 737 shares of the insurance provider’s stock valued at $45,000 after acquiring an additional 217 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of American International Group by 41.7% during the 4th quarter. Blue Trust Inc. now owns 788 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 232 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of NYSE:AIG opened at $74.47 on Friday. American International Group, Inc. has a 1-year low of $48.95 and a 1-year high of $78.95. The firm has a market capitalization of $50.71 billion, a PE ratio of 14.92, a PEG ratio of 1.07 and a beta of 1.03. The business’s 50 day moving average is $74.70 and its 200-day moving average is $68.94. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.20. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a return on equity of 10.68% and a net margin of 7.78%. American International Group’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 EPS. Sell-side analysts predict that American International Group, Inc. will post 6.95 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 1.93%. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

Insider Buying and Selling

In related news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares in the company, valued at approximately $38,346,215.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director John C. Inglis bought 659 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the transaction, the director now directly owns 659 shares of the company’s stock, valued at $49,682.01. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter Zaffino sold 333,000 shares of American International Group stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the completion of the transaction, the chief executive officer now owns 505,420 shares of the company’s stock, valued at approximately $38,346,215.40. The disclosure for this sale can be found here. 0.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group increased their price objective on American International Group from $83.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. increased their price objective on American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, April 8th. Keefe, Bruyette & Woods raised their target price on American International Group from $82.00 to $86.00 and gave the company an “outperform” rating in a report on Wednesday, April 10th. BMO Capital Markets lowered their target price on American International Group from $83.00 to $81.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. Finally, Evercore ISI raised their target price on American International Group from $74.00 to $80.00 and gave the company an “in-line” rating in a report on Thursday, April 11th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.38.

About American International Group

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.