Pictet Asset Management Holding SA Has $17.32 Million Position in American International Group, Inc. $AIG

Pictet Asset Management Holding SA decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 14.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 230,113 shares of the insurance provider’s stock after selling 37,940 shares during the period. Pictet Asset Management Holding SA’s holdings in American International Group were worth $17,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Modus Advisors LLC acquired a new position in American International Group during the fourth quarter valued at approximately $27,000. Navalign LLC acquired a new stake in shares of American International Group in the 4th quarter valued at $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of American International Group in the 4th quarter valued at $29,000. SHP Wealth Management acquired a new position in shares of American International Group during the 4th quarter worth $34,000. Finally, CENTRAL TRUST Co lifted its position in shares of American International Group by 48.7% during the 1st quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after buying an additional 151 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on AIG shares. BMO Capital Markets raised their price objective on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. Wells Fargo & Company lowered their target price on American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group raised their price target on shares of American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday. Morgan Stanley decreased their price target on shares of American International Group from $83.00 to $82.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, Cantor Fitzgerald upped 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 report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $87.94.

American International Group Price Performance

Shares of NYSE:AIG opened at $79.33 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 52 week low of $71.25 and a 52 week high of $87.29. The firm has a market cap of $42.06 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 0.70 and a beta of 0.53. The firm’s fifty day moving average is $75.62 and its 200-day moving average is $77.18.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share 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 period in the prior year, the business posted $1.17 earnings per share. Sell-side analysts predict that American International Group, Inc. will post 7.98 earnings per share for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Monday, June 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.5%. American International Group’s payout ratio is currently 35.27%.

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.