Jupiter Asset Management Ltd. Sells 111,016 Shares of American International Group, Inc. $AIG

Jupiter Asset Management Ltd. lowered its holdings in shares of American International Group, Inc. (NYSE:AIG) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,504,602 shares of the insurance provider’s stock after selling 111,016 shares during the period. American International Group makes up about 1.0% of Jupiter Asset Management Ltd.’s holdings, making the stock its 16th biggest position. Jupiter Asset Management Ltd.’s holdings in American International Group were worth $128,719,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Navalign LLC acquired a new stake in American International Group during the fourth quarter worth approximately $29,000. Atlantic Union Bankshares Corp grew its stake 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 purchasing an additional 355 shares during the period. Aventura Private Wealth LLC acquired a new stake in American International Group during the fourth quarter worth approximately $39,000. JPL Wealth Management LLC acquired a new stake in American International Group during the third quarter worth approximately $39,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in American International Group during the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 1.3%

Shares of American International Group stock opened at $74.33 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 $87.46. The stock has a 50 day moving average price of $76.13 and a two-hundred day moving average price of $77.59. The stock has a market capitalization of $39.41 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 0.69 and a beta of 0.53.

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. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same quarter last year, the firm posted $1.17 earnings per share. As a group, equities analysts anticipate that American International Group, Inc. will post 7.97 earnings per share for the current fiscal 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 issued a $0.50 dividend. This is a boost 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 is Monday, June 15th. American International Group’s dividend payout ratio is 31.75%.

Wall Street Analyst Weigh In

Several research firms recently commented on AIG. Piper Sandler decreased their target price 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. Cantor Fitzgerald raised their target price on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Morgan Stanley reduced their price objective on American International Group from $83.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Bank of America reduced their price objective on American International Group from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Tuesday, April 14th. Finally, Barclays raised their price objective on American International Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat.com, American International Group has an average rating of “Hold” and an average price target of $88.06.

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.