American International Group, Inc. $AIG Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 27.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,066,455 shares of the insurance provider’s stock after selling 413,702 shares during the quarter. Voya Investment Management LLC owned 0.19% of American International Group worth $83,759,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of American International Group in the 2nd quarter valued at approximately $32,000. GFG Capital LLC acquired a new stake in American International Group in the 2nd quarter valued at approximately $33,000. Barrett & Company Inc. purchased a new stake in American International Group in the second quarter valued at approximately $35,000. NewSquare Capital LLC boosted its position in shares of 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. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of American International Group in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

Shares of AIG opened at $86.06 on Friday. The company’s 50 day simple moving average is $78.74 and its 200-day simple moving average is $80.37. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07. The firm has a market cap of $46.43 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.89 and a beta of 0.62. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.63. American International Group had a net margin of 11.89% and a return on equity of 9.09%. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, December 16th. American International Group’s dividend payout ratio is 32.73%.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of American International Group in a research note on Monday. UBS Group upped their target price on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of American International Group in a research report on Thursday, December 11th. JPMorgan Chase & Co. lifted their target price on American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Finally, HSBC cut their price target on American International Group from $93.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.89.

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.