SYM FINANCIAL Corp Has $366,000 Stake in American International Group, Inc. $AIG

SYM FINANCIAL Corp trimmed its holdings in shares of American International Group, Inc. (NYSE:AIG) by 12.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,275 shares of the insurance provider’s stock after selling 599 shares during the quarter. SYM FINANCIAL Corp’s holdings in American International Group were worth $366,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AIG. Sachetta LLC increased its position in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock worth $33,000 after buying an additional 249 shares during the last quarter. GFG Capital LLC acquired a new position in American International Group during the second quarter worth $33,000. Barrett & Company Inc. acquired a new position in American International Group during the second quarter worth $35,000. Caitong International Asset Management Co. Ltd acquired a new position in American International Group during the second quarter worth $40,000. Finally, Hemington Wealth Management increased its position in American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after buying an additional 142 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have commented on AIG shares. Bank of America increased their target price on shares of American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Cfra Research raised American International Group to a “moderate buy” rating in a research report on Monday, August 11th. Jefferies Financial Group raised their price target on American International Group from $96.00 to $99.00 and gave the company a “buy” rating in a research report on Tuesday, October 7th. Wolfe Research began coverage on American International Group in a research report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Finally, Evercore ISI raised their price target on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.81.

American International Group Stock Up 0.4%

AIG stock opened at $79.30 on Tuesday. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The company has a market cap of $43.93 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.78 and a beta of 0.68. The business’s 50-day simple moving average is $79.89 and its 200 day simple moving average is $81.39. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.81 billion. During the same period last year, the business earned $1.16 earnings per share. On average, research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend 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 (DPR) is 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.