Yousif Capital Management LLC Sells 2,407 Shares of American International Group, Inc. $AIG

Yousif Capital Management LLC lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,046 shares of the insurance provider’s stock after selling 2,407 shares during the quarter. Yousif Capital Management LLC’s holdings in American International Group were worth $7,621,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Patton Fund Management Inc. bought a new stake in American International Group during the 2nd quarter worth about $232,000. AIA Group Ltd boosted its stake in shares of American International Group by 169.6% in the 1st quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock valued at $901,000 after purchasing an additional 6,523 shares during the last quarter. Townsquare Capital LLC boosted its stake in shares of American International Group by 5.4% in the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock valued at $10,009,000 after purchasing an additional 5,899 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock valued at $15,807,000 after purchasing an additional 115,706 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of American International Group by 2.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock valued at $1,445,000 after purchasing an additional 355 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.7%

American International Group stock opened at $81.84 on Tuesday. The company’s 50 day simple moving average is $79.88 and its 200 day simple moving average is $81.63. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07. The firm has a market capitalization of $45.34 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.86 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63.

American International Group (NYSE:AIG) last released its quarterly earnings data 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 analyst estimates 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 firm earned $1.16 EPS. As a group, sell-side analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is 34.09%.

Analyst Upgrades and Downgrades

AIG has been the topic of several recent research reports. Piper Sandler reduced their target price on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research note on Tuesday, August 12th. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. raised their target price on shares of American International Group from $95.00 to $97.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Finally, Citigroup initiated coverage on shares of American International Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $85.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group has a consensus rating of “Moderate Buy” and a consensus target price of $89.53.

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.