Waverton Investment Management Ltd Sells 337,562 Shares of American International Group, Inc. $AIG

Waverton Investment Management Ltd trimmed its stake in shares of American International Group, Inc. (NYSE:AIG) by 58.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,110 shares of the insurance provider’s stock after selling 337,562 shares during the quarter. Waverton Investment Management Ltd’s holdings in American International Group were worth $18,781,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in AIG. Westfuller Advisors LLC purchased a new position in shares of American International Group in the third quarter valued at about $26,000. Atlantic Union Bankshares Corp grew its stake in shares of 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 purchasing an additional 355 shares during the last quarter. Eastern Bank grew its stake in shares of American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group during the 2nd quarter valued at about $32,000. Finally, NewSquare Capital LLC raised its position in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 154 shares during the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.1%

AIG opened at $80.40 on Monday. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $88.07. The firm’s 50 day simple moving average is $78.24 and its two-hundred day simple moving average is $78.96. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $43.14 billion, a PE ratio of 14.83, a PEG ratio of 0.62 and a beta of 0.58.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.06. The business had revenue of $6.55 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $1.30 earnings per share. As a group, equities analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Monday, March 16th. American International Group’s dividend payout ratio (DPR) is presently 33.21%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore reduced their price target on shares of American International Group from $90.00 to $85.00 in a research report on Friday, January 23rd. Jefferies Financial Group lifted their price objective on American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Royal Bank Of Canada assumed coverage on shares of American International Group in a research report on Tuesday, November 25th. They set a “sector perform” rating and a $85.00 price objective on the stock. Mizuho raised their price target on shares of American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group boosted their price target on American International Group from $81.00 to $83.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.58.

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.