American International Group, Inc. (AIG) Shares Sold by South State Corp
South State Corp reduced its position in American International Group, Inc. (NYSE:AIG) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,475 shares of the insurance provider’s stock after selling 1,332 shares during the period. South State Corp’s holdings in American International Group were worth $1,932,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of AIG. Peddock Capital Advisors LLC lifted its position in shares of American International Group by 100.0% in the second quarter. Peddock Capital Advisors LLC now owns 2,542 shares of the insurance provider’s stock worth $159,000 after buying an additional 1,271 shares in the last quarter. Rational Advisors LLC increased its stake in American International Group by 100.0% during the third quarter. Rational Advisors LLC now owns 3,000 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 1,500 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in American International Group by 30.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,076 shares of the insurance provider’s stock worth $192,000 after acquiring an additional 716 shares during the last quarter. First Capital Advisors Group LLC. bought a new stake in American International Group during the third quarter worth approximately $200,000. Finally, Linscomb & Williams Inc. bought a new stake in American International Group during the second quarter worth approximately $204,000. Institutional investors own 84.67% of the company’s stock.
Several brokerages have weighed in on AIG. B. Riley reissued a “neutral” rating on shares of American International Group in a research note on Monday, November 6th. Bank of America Corporation cut American International Group from a “buy” rating to a “neutral” rating and set a $69.00 price objective on the stock. in a research note on Friday, November 3rd. Zacks Investment Research cut American International Group from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Wells Fargo & Company set a $75.00 price objective on American International Group and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Finally, Barclays PLC reduced their price objective on American International Group from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday, October 16th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $68.18.
American International Group, Inc. (NYSE AIG) opened at $59.03 on Friday. The company has a market capitalization of $53,245.37, a P/E ratio of 23.60, a PEG ratio of 1.91 and a beta of 1.23. American International Group, Inc. has a 52 week low of $57.90 and a 52 week high of $67.47. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.26 and a current ratio of 0.26.
American International Group (NYSE:AIG) last released its earnings results on Thursday, November 2nd. The insurance provider reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($2.45). The business had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.05 billion. American International Group had a negative net margin of 5.07% and a positive return on equity of 3.43%. During the same period in the prior year, the company posted $1.23 EPS. sell-side analysts forecast that American International Group, Inc. will post 2.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.17%. American International Group’s dividend payout ratio is -51.00%.
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American International Group Company Profile
American International Group, Inc is a global insurance company. The Company provides a range of property casualty insurance, life insurance, retirement products and other financial services to commercial and individual customers. Its segments include Commercial Insurance, Consumer Insurance, Other Operations and Legacy Portfolio.
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