Nilsine Partners LLC Reduces Stock Position in American International Group, Inc. (NYSE:AIG)

Nilsine Partners LLC lessened its stake in shares of American International Group, Inc. (NYSE:AIG) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,392 shares of the insurance provider’s stock after selling 257 shares during the quarter. Nilsine Partners LLC’s holdings in American International Group were worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in American International Group by 18.7% in the 4th quarter. Nordea Investment Management AB now owns 2,032,907 shares of the insurance provider’s stock valued at $138,014,000 after buying an additional 319,948 shares during the period. American Century Companies Inc. grew its holdings in American International Group by 22.6% in the 3rd quarter. American Century Companies Inc. now owns 422,852 shares of the insurance provider’s stock valued at $25,625,000 after buying an additional 77,874 shares during the period. Sequoia Financial Advisors LLC grew its holdings in American International Group by 121.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 38,809 shares of the insurance provider’s stock valued at $2,629,000 after buying an additional 21,279 shares during the period. abrdn plc grew its holdings in American International Group by 19.6% in the 4th quarter. abrdn plc now owns 598,143 shares of the insurance provider’s stock valued at $40,524,000 after buying an additional 98,143 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in American International Group by 12.9% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 581,239 shares of the insurance provider’s stock valued at $39,379,000 after buying an additional 66,603 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Insider Activity at American International Group

In related news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Peter Zaffino sold 333,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $75.87, for a total transaction of $25,264,710.00. Following the completion of the transaction, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Inglis acquired 659 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $75.39 per share, with a total value of $49,682.01. Following the completion of the purchase, the director now owns 659 shares in the company, valued at $49,682.01. The disclosure for this purchase can be found here. Corporate insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

AIG has been the subject of a number of research reports. BMO Capital Markets decreased their target price on American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. TD Cowen initiated coverage on American International Group in a report on Wednesday, January 10th. They set a “market perform” rating and a $78.00 target price for the company. Wells Fargo & Company boosted their target price on American International Group from $74.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Piper Sandler boosted their target price on American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Finally, UBS Group boosted their target price on American International Group from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Eight research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, American International Group presently has an average rating of “Moderate Buy” and a consensus price target of $80.38.

American International Group Stock Down 0.6 %

Shares of AIG traded down $0.43 during trading on Tuesday, reaching $75.31. The company’s stock had a trading volume of 3,313,165 shares, compared to its average volume of 3,931,962. The company has a fifty day moving average of $74.96 and a two-hundred day moving average of $69.25. American International Group, Inc. has a twelve month low of $48.95 and a twelve month high of $78.95. The company has a market cap of $51.28 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.07 and a beta of 1.03. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.20. American International Group had a return on equity of 10.68% and a net margin of 7.78%. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. During the same period in the prior year, the company posted $1.36 EPS. American International Group’s quarterly revenue was up .0% on a year-over-year basis. On average, sell-side analysts predict that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 14th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend was Wednesday, March 13th. American International Group’s dividend payout ratio is currently 28.86%.

American International Group Company 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.