American International Group, Inc. $AIG Shares Sold by Choreo LLC

Choreo LLC cut its stake in American International Group, Inc. (NYSE:AIG) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,742 shares of the insurance provider’s stock after selling 1,605 shares during the period. Choreo LLC’s holdings in American International Group were worth $2,118,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GFG Capital LLC acquired a new stake in shares of American International Group during the second quarter worth about $33,000. Barrett & Company Inc. purchased a new position in American International Group during the 2nd quarter worth approximately $35,000. NewSquare Capital LLC increased its position in American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after buying an additional 154 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in American International Group in the second quarter valued at approximately $40,000. Finally, Hemington Wealth Management lifted its stake in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after buying an additional 142 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of recent research reports. Morgan Stanley cut their target price on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research report on Tuesday. Bank of America upped their target price on shares of American International Group from $88.00 to $94.00 and gave the company a “neutral” rating in a report on Monday, October 13th. Wells Fargo & Company raised their price target on American International Group from $82.00 to $83.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 12th. Finally, Wolfe Research began coverage on American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $89.44.

American International Group Price Performance

Shares of NYSE:AIG opened at $76.16 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market cap of $41.09 billion, a P/E ratio of 14.42, a PEG ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a 52 week low of $69.24 and a 52 week high of $88.07. The company has a 50-day moving average price of $78.41 and a 200 day moving average price of $80.60.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. The company had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.82 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same quarter in the previous year, the firm posted $1.23 EPS. Research analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be given a $0.45 dividend. The ex-dividend date is Tuesday, December 16th. This represents a $1.80 annualized dividend and a yield of 2.4%. American International Group’s dividend payout ratio is presently 32.73%.

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.