Russell Investments Group Ltd. Decreases Stock Holdings in American International Group, Inc. $AIG

Russell Investments Group Ltd. reduced its position in American International Group, Inc. (NYSE:AIG) by 2.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,338,790 shares of the insurance provider’s stock after selling 38,027 shares during the period. Russell Investments Group Ltd.’s holdings in American International Group were worth $104,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Westfuller Advisors LLC bought a new position in shares of American International Group during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp boosted 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 acquiring an additional 355 shares in the last quarter. Eastern Bank boosted 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 acquiring an additional 371 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in American International Group in the second quarter worth $32,000. Finally, Motco increased 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 worth $33,000 after purchasing an additional 380 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Trading Down 1.4%

NYSE:AIG opened at $77.62 on Tuesday. The company has a market capitalization of $41.65 billion, a P/E ratio of 14.32, a PEG ratio of 0.61 and a beta of 0.58. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12 month low of $71.25 and a 12 month high of $88.07. The firm has a fifty day simple moving average of $77.36 and a 200-day simple moving average of $78.87.

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

American International Group Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently commented on AIG. Bank of America decreased their price objective on American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, January 16th. TD Cowen boosted their target price on American International Group from $86.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Barclays decreased their price target on American International Group from $81.00 to $79.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Evercore lowered their price target on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price target on American International Group from $96.00 to $97.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $87.95.

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.