Savant Capital LLC Reduces Stake in American International Group, Inc. $AIG

Savant Capital LLC reduced its position in American International Group, Inc. (NYSE:AIG) by 56.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,549 shares of the insurance provider’s stock after selling 23,707 shares during the period. Savant Capital LLC’s holdings in American International Group were worth $1,587,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Atlantic Union Bankshares Corp increased its position in American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after buying an additional 355 shares in the last quarter. Navalign LLC purchased a new position in American International Group during the fourth quarter worth $29,000. Aventura Private Wealth LLC purchased a new position in American International Group during the fourth quarter worth $39,000. JPL Wealth Management LLC purchased a new position in American International Group during the third quarter worth $39,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in American International Group during the fourth quarter worth $52,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on AIG shares. Citigroup raised their price target on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Wells Fargo & Company dropped their price target on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their price target on American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Mizuho raised their price target on American International Group from $84.00 to $86.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods raised their price target on American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, American International Group presently has a consensus rating of “Hold” and a consensus price target of $88.06.

American International Group Price Performance

Shares of NYSE:AIG opened at $74.26 on Monday. The company has a market cap of $39.37 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.68 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.23. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.46. The business has a fifty day simple moving average of $76.12 and a 200-day simple moving average of $77.57.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.22. The business had revenue of $6.65 billion during the quarter, compared to the consensus estimate 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 earnings per share. Equities research analysts forecast that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 15th will be given a $0.50 dividend. 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 2.7%. The ex-dividend date of this dividend is Monday, June 15th. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

About American International Group

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.