WCG Wealth Advisors LLC Takes Position in American International Group, Inc. $AIG

WCG Wealth Advisors LLC purchased a new stake in American International Group, Inc. (NYSE:AIG) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 18,265 shares of the insurance provider’s stock, valued at approximately $1,563,000.

Several other large investors have also modified their holdings of AIG. Capital Research Global Investors lifted its stake in American International Group by 79.6% during the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after acquiring an additional 12,645,616 shares in the last quarter. Norges Bank acquired a new position in American International Group during the 4th quarter worth about $636,782,000. Vanguard Group Inc. lifted its stake in American International Group by 11.6% during the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock worth $5,378,635,000 after acquiring an additional 7,117,583 shares in the last quarter. Wellington Management Group LLP lifted its stake in American International Group by 7.9% during the 3rd quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in American International Group by 22.0% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley decreased their target price on American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. JPMorgan Chase & Co. decreased their target price on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. BMO Capital Markets increased their target price on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Piper Sandler decreased their target price on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, HSBC increased their target price on American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, American International Group currently has a consensus rating of “Hold” and an average price target of $88.06.

American International Group Price Performance

Shares of NYSE AIG opened at $75.51 on Friday. The stock’s 50-day moving average is $76.04 and its two-hundred day moving average is $77.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. The company has a market cap of $40.03 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 0.67 and a beta of 0.52.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the business earned $1.17 EPS. Analysts forecast that American International Group, Inc. will post 7.99 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 15th. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is currently 31.75%.

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.