BSW Wealth Partners Sells 160 Shares of American International Group, Inc. $AIG

BSW Wealth Partners lessened its position in American International Group, Inc. (NYSE:AIG) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,965 shares of the insurance provider’s stock after selling 160 shares during the period. BSW Wealth Partners’ holdings in American International Group were worth $511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Childress Capital Advisors LLC raised its holdings in American International Group by 12.7% in the 2nd quarter. Childress Capital Advisors LLC now owns 4,679 shares of the insurance provider’s stock worth $400,000 after acquiring an additional 526 shares during the last quarter. Truist Financial Corp increased its holdings in shares of American International Group by 11.5% in the 2nd quarter. Truist Financial Corp now owns 77,757 shares of the insurance provider’s stock worth $6,655,000 after purchasing an additional 7,997 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of American International Group by 1.9% in the second quarter. HB Wealth Management LLC now owns 26,526 shares of the insurance provider’s stock worth $2,270,000 after purchasing an additional 505 shares during the last quarter. Moss Adams Wealth Advisors LLC bought a new position in shares of American International Group during the second quarter valued at $205,000. Finally, GC Wealth Management RIA LLC purchased a new stake in shares of American International Group during the second quarter valued at $443,000. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 1.5%

Shares of AIG stock opened at $79.71 on Thursday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The stock has a market cap of $44.16 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.84 and a beta of 0.68. The company has a 50 day simple moving average of $79.27 and a two-hundred day simple moving average of $81.75.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.21. The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations 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 quarter last year, the company posted $1.16 EPS. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.3%. American International Group’s dividend payout ratio is presently 34.09%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AIG. Evercore ISI boosted their target price on American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a research report on Wednesday. Cfra Research raised shares of American International Group to a “moderate buy” rating in a report on Monday, August 11th. Citigroup initiated coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price objective on the stock. Keefe, Bruyette & Woods cut their target price on shares of American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. Finally, William Blair upgraded shares of American International Group to a “strong-buy” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $88.33.

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.