Boston Partners Sells 9,827 Shares of American International Group, Inc. (NYSE:AIG)

Boston Partners trimmed its position in American International Group, Inc. (NYSE:AIG) by 0.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,191,697 shares of the insurance provider’s stock after selling 9,827 shares during the period. Boston Partners owned 0.38% of American International Group worth $190,471,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Ameriflex Group Inc. bought a new position in American International Group during the 4th quarter worth $29,000. Sachetta LLC raised its position in American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 249 shares during the last quarter. Hemington Wealth Management raised its position in American International Group by 42.8% during the 1st quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 142 shares during the last quarter. NBC Securities Inc. bought a new position in American International Group during the 1st quarter worth $47,000. Finally, SouthState Corp raised its position in American International Group by 798.5% during the 1st quarter. SouthState Corp now owns 584 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 519 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on AIG. William Blair raised American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Cfra Research raised American International Group to a “moderate buy” rating in a research report on Monday. Keefe, Bruyette & Woods lowered their price objective on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday. Wall Street Zen raised American International Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Finally, Morgan Stanley lifted their price objective on American International Group from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Eight research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.27.

American International Group Stock Performance

Shares of AIG opened at $79.91 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50-day moving average of $82.05 and a 200-day moving average of $81.25. The company has a market cap of $44.27 billion, a PE ratio of 15.13, a P/E/G ratio of 0.85 and a beta of 0.63. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 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 business earned $1.16 EPS. On average, equities research analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, September 16th. American International Group’s payout ratio is presently 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.