Hantz Financial Services Inc. Decreases Stock Holdings in American International Group, Inc. $AIG

Hantz Financial Services Inc. lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 197,771 shares of the insurance provider’s stock after selling 11,989 shares during the quarter. Hantz Financial Services Inc.’s holdings in American International Group were worth $16,919,000 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. Capital Research Global Investors increased its holdings in shares of American International Group by 79.6% in the 3rd quarter. Capital Research Global Investors now owns 28,534,448 shares of the insurance provider’s stock worth $2,241,091,000 after buying an additional 12,645,616 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of American International Group by 11.6% in the 3rd quarter. Vanguard Group Inc. now owns 68,482,752 shares of the insurance provider’s stock valued at $5,378,635,000 after acquiring an additional 7,117,583 shares during the last quarter. Wellington Management Group LLP grew its position in American International Group by 7.9% in the third quarter. Wellington Management Group LLP now owns 26,046,055 shares of the insurance provider’s stock worth $2,045,657,000 after acquiring an additional 1,899,203 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in American International Group by 22.0% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,256,290 shares of the insurance provider’s stock worth $805,529,000 after acquiring an additional 1,846,979 shares in the last quarter. Finally, Viking Global Investors LP bought a new stake in American International Group during the second quarter worth approximately $155,413,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AIG has been the subject of several analyst reports. Piper Sandler lowered their price objective on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. Keefe, Bruyette & Woods increased their price target on American International Group from $97.00 to $98.00 and gave the company an “outperform” rating in a report on Friday, May 8th. BMO Capital Markets raised their price target on American International Group from $83.00 to $89.00 in a research report on Thursday, May 7th. Cantor Fitzgerald lifted their price objective on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Morgan Stanley cut their price objective on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Trading Down 0.0%

Shares of NYSE AIG opened at $77.03 on Monday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $40.84 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 0.71 and a beta of 0.53. The business’s 50 day moving average price is $76.18 and its 200-day moving average price is $77.63.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter in the previous year, the business earned $1.17 EPS. On average, sell-side analysts expect that American International Group, Inc. will post 7.97 earnings per share for the current year.

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.50 per share. This is an increase from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s payout ratio is presently 31.75%.

American International Group Company 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.