WINTON GROUP Ltd Sells 48,313 Shares of American International Group, Inc. $AIG

WINTON GROUP Ltd lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 69.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,200 shares of the insurance provider’s stock after selling 48,313 shares during the period. WINTON GROUP Ltd’s holdings in American International Group were worth $1,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AIG. Westfuller Advisors LLC purchased a new stake in shares of American International Group during the 3rd quarter worth $26,000. Atlantic Union Bankshares Corp grew its stake in American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 355 shares during the last quarter. Eastern Bank grew its stake in American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in American International Group in the second quarter worth about $32,000. Finally, Motco lifted its position in shares of American International Group by 950.0% during the third quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after buying an additional 380 shares during the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIG has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of American International Group from $94.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. HSBC increased their target price on shares of American International Group from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Jefferies Financial Group raised their target price on shares of American International Group from $96.00 to $101.00 and gave the company a “buy” rating in a research note on Tuesday, December 16th. Bank of America reduced their price target on American International Group from $89.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, January 16th. Finally, Wells Fargo & Company increased their price objective on American International Group from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, American International Group has a consensus rating of “Hold” and an average target price of $87.95.

American International Group Stock Performance

AIG opened at $78.07 on Wednesday. The company has a market cap of $41.89 billion, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 0.59 and a beta of 0.58. The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $77.20 and its 200-day moving average price is $78.83. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07.

American International Group (NYSE:AIG) last released its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.06. American International Group had a net margin of 11.56% and a return on equity of 9.79%. The company had revenue of $6.55 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the previous year, the firm earned $1.30 EPS. As a group, equities analysts anticipate that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Monday, March 16th. American International Group’s payout ratio is presently 33.21%.

American International Group Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.