AdvisorShares Investments LLC Lowers Stock Holdings in American International Group, Inc. $AIG

AdvisorShares Investments LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 20.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,261 shares of the insurance provider’s stock after selling 1,382 shares during the quarter. AdvisorShares Investments LLC’s holdings in American International Group were worth $450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sachetta LLC lifted its holdings in shares of American International Group by 194.5% in the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after buying an additional 249 shares in the last quarter. GFG Capital LLC purchased a new stake in shares of American International Group in the second quarter worth about $33,000. Barrett & Company Inc. purchased a new stake in shares of American International Group in the second quarter worth about $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American International Group in the second quarter worth about $40,000. Finally, Hemington Wealth Management lifted its holdings in shares of American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after buying an additional 142 shares in the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. William Blair raised shares of American International Group to a “strong-buy” rating in a report on Friday, August 1st. The Goldman Sachs Group upped their price objective on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Cfra Research upgraded shares of American International Group to a “moderate buy” rating in a research report on Monday, August 11th. Piper Sandler decreased their price objective on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research report on Thursday, October 2nd. Finally, Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group currently has an average rating of “Moderate Buy” and an average target price of $89.81.

American International Group Trading Up 0.3%

AIG stock opened at $78.18 on Friday. The company has a market capitalization of $43.31 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.77 and a beta of 0.68. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07. The company’s 50 day moving average price is $79.65 and its two-hundred day moving average price is $81.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63.

American International Group (NYSE:AIG) last posted its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period last year, the firm posted $1.16 earnings per share. As a group, analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is 34.09%.

American International Group 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.