American International Group, Inc. $AIG Position Reduced by Curated Wealth Partners LLC

Curated Wealth Partners LLC lowered its position in shares of American International Group, Inc. (NYSE:AIG) by 94.7% in the third quarter, HoldingsChannel reports. The fund owned 11,765 shares of the insurance provider’s stock after selling 210,441 shares during the period. Curated Wealth Partners LLC’s holdings in American International Group were worth $876,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. L2 Asset Management LLC raised its holdings in shares of American International Group by 4.8% in the second quarter. L2 Asset Management LLC now owns 3,046 shares of the insurance provider’s stock valued at $227,000 after purchasing an additional 139 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of American International Group by 1.3% in the first quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock worth $831,000 after purchasing an additional 146 shares in the last quarter. CENTRAL TRUST Co lifted its position in shares of American International Group by 48.7% in the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 151 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in American International Group by 7.3% during the second quarter. Parkside Financial Bank & Trust now owns 2,333 shares of the insurance provider’s stock worth $174,000 after purchasing an additional 158 shares during the last quarter. Finally, Mayfair Advisory Group LLC boosted its holdings in American International Group by 6.3% during the first quarter. Mayfair Advisory Group LLC now owns 2,925 shares of the insurance provider’s stock worth $220,000 after purchasing an additional 174 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AIG has been the subject of a number of analyst reports. Piper Sandler raised their target price on shares of American International Group from $80.00 to $84.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research note on Tuesday, September 29th. The Goldman Sachs Group raised their price objective on American International Group from $85.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. HSBC decreased their price objective on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 6th. Finally, Morgan Stanley lowered their target price on American International Group from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 6th. Eight equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.68.

Insider Transactions at American International Group

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $76.14, for a total value of $2,804,160.06. Following the completion of the sale, the insider owned 556,004 shares in the company, valued at $42,334,144.56. This trade represents a 6.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

American International Group Trading Up 2.2%

Shares of American International Group stock opened at $79.13 on Friday. The stock has a market cap of $41.38 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.81 and a beta of 0.52. The company has a quick ratio of 0.61, a current 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 $87.29. The business’s 50 day moving average is $76.05 and its 200-day moving average is $76.57.

American International Group (NYSE:AIG) last released its earnings results on Friday, August 7th. 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 net margin of 11.13% and a return on equity of 11.05%. The business had revenue of $7.08 billion during the quarter, compared to analysts’ expectations of $7.25 billion. During the same period last year, the business earned $1.81 earnings per share. Equities research analysts predict that American International Group, Inc. will post 8.07 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, September 16th. American International Group’s dividend payout ratio is 36.56%.

American International Group Company Profile

American International Group, Inc (NYSE:AIG) is a global insurance organization whose principal operating business is general insurance. Through its property and casualty operations, AIG provides commercial and personal insurance products, including coverage for businesses, multinational companies, individuals, and specialty risks. Its offerings include property, casualty, liability, marine, aviation, cyber, accident, and travel insurance, along with other risk-management solutions.

AIG serves customers through a network spanning approximately 190 countries and jurisdictions.