Watts Gwilliam & Co. LLC Invests $547,000 in American International Group, Inc. (NYSE:AIG)

Watts Gwilliam & Co. LLC bought a new stake in American International Group, Inc. (NYSE:AIG) in the 3rd quarter, Holdings Channel reports. The firm bought 7,330 shares of the insurance provider’s stock, valued at approximately $547,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AIG. DRW Securities LLC lifted its stake in American International Group by 34.0% in the 4th quarter. DRW Securities LLC now owns 28,636 shares of the insurance provider’s stock valued at $1,940,000 after purchasing an additional 7,273 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in shares of American International Group in the fourth quarter valued at approximately $40,000. Neo Ivy Capital Management bought a new position in shares of American International Group during the 4th quarter worth approximately $40,000. Integrated Advisors Network LLC increased its holdings in shares of American International Group by 8.1% during the 4th quarter. Integrated Advisors Network LLC now owns 16,277 shares of the insurance provider’s stock worth $1,103,000 after acquiring an additional 1,223 shares during the last quarter. Finally, Syon Capital LLC raised its stake in American International Group by 76.0% in the 4th quarter. Syon Capital LLC now owns 7,165 shares of the insurance provider’s stock valued at $485,000 after acquiring an additional 3,093 shares during the period. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

AIG has been the topic of several research reports. BMO Capital Markets upped their price objective on shares of American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Piper Sandler lowered their price target on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Jefferies Financial Group raised their price objective on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen decreased their target price on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research report on Tuesday, August 13th. Finally, Keefe, Bruyette & Woods dropped their price target on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total value of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Up 0.9 %

Shares of NYSE AIG opened at $77.23 on Friday. The stock has a market capitalization of $49.73 billion, a P/E ratio of -59.87, a PEG ratio of 3.88 and a beta of 1.06. The stock’s fifty day moving average is $73.76 and its 200 day moving average is $75.51. American International Group, Inc. has a 52 week low of $58.69 and a 52 week high of $80.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67.

American International Group (NYSE:AIG) last issued its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.14). The firm had revenue of $1.00 million during the quarter, compared to analyst estimates of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. American International Group’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.75 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 5.09 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, September 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. American International Group’s dividend payout ratio (DPR) is currently -124.03%.

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.