American International Group, Inc. $AIG Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its position in shares of American International Group, Inc. (NYSE:AIG) by 44.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,597 shares of the insurance provider’s stock after selling 14,879 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in American International Group were worth $1,386,000 at the end of the most recent quarter.

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

American International Group Stock Performance

Shares of AIG stock opened at $76.14 on Thursday. The stock has a fifty day moving average price of $77.50 and a 200 day moving average price of $76.87. 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 stock has a market cap of $39.81 billion, a PE ratio of 13.92, a P/E/G ratio of 0.71 and a beta of 0.53. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29.

American International Group (NYSE:AIG) last posted its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.08. American International Group had a return on equity of 11.03% and a net margin of 11.13%.The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.25 billion. During the same quarter in the prior year, the company earned $1.81 earnings per share. Sell-side analysts forecast that American International Group, Inc. will post 7.99 earnings per share for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th. American International Group’s dividend payout ratio is presently 36.56%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. The Goldman Sachs Group upped their price objective on American International Group from $85.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. BMO Capital Markets raised their target price on American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Morgan Stanley cut their price target on shares of American International Group from $82.00 to $81.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Barclays boosted their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $88.39.

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.