American International Group, Inc. (NYSE:AIG) Shares Sold by SteelPeak Wealth LLC

SteelPeak Wealth LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG) by 61.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,937 shares of the insurance provider’s stock after selling 25,725 shares during the quarter. SteelPeak Wealth LLC’s holdings in American International Group were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AIG. Wellington Management Group LLP boosted its stake in shares of American International Group by 32.4% during the 3rd quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares in the last quarter. Prana Capital Management LP boosted its position in shares of American International Group by 280.5% in the 3rd quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock valued at $138,264,000 after purchasing an additional 1,391,859 shares during the period. Diamond Hill Capital Management Inc. increased its stake in American International Group by 5.6% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 13,685,138 shares of the insurance provider’s stock worth $1,002,163,000 after purchasing an additional 722,237 shares in the last quarter. Barclays PLC raised its holdings in American International Group by 24.7% during the 3rd quarter. Barclays PLC now owns 2,748,674 shares of the insurance provider’s stock worth $201,286,000 after buying an additional 544,110 shares during the period. Finally, Holocene Advisors LP lifted its stake in American International Group by 23.5% during the third quarter. Holocene Advisors LP now owns 2,554,519 shares of the insurance provider’s stock valued at $187,067,000 after buying an additional 486,736 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Trading Up 0.4 %

Shares of NYSE:AIG opened at $75.46 on Thursday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $47.07 billion, a PE ratio of -22.26, a P/E/G ratio of 5.89 and a beta of 1.06. American International Group, Inc. has a 1 year low of $67.53 and a 1 year high of $80.83. The firm has a fifty day moving average price of $73.79 and a 200 day moving average price of $74.63.

American International Group (NYSE:AIG) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the prior year, the firm posted $1.61 EPS. Analysts expect that American International Group, Inc. will post 4.89 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Monday, December 16th. American International Group’s payout ratio is -47.20%.

Analyst Ratings Changes

Several research analysts have recently weighed in on AIG shares. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $89.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 3rd. 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 note on Tuesday, October 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $79.00 target price (down previously from $83.00) on shares of American International Group in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods reduced their price objective on American International Group from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Tuesday, November 12th. Finally, Jefferies Financial Group lifted their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and an average price target of $84.13.

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.