American International Group, Inc. $AIG Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 11.2% during the third quarter, HoldingsChannel.com reports. The fund owned 72,325 shares of the insurance provider’s stock after buying an additional 7,286 shares during the quarter. Kestra Advisory Services LLC’s holdings in American International Group were worth $5,382,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AIG. Swiss National Bank lifted its stake in American International Group by 4.3% in the 1st quarter. Swiss National Bank now owns 1,583,564 shares of the insurance provider’s stock worth $119,163,000 after purchasing an additional 65,400 shares in the last quarter. Freestone Grove Partners LP raised its holdings in shares of American International Group by 51.5% in the 2nd quarter. Freestone Grove Partners LP now owns 1,925,980 shares of the insurance provider’s stock valued at $143,543,000 after acquiring an additional 655,065 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of American International Group by 66.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 25,593 shares of the insurance provider’s stock valued at $1,905,000 after acquiring an additional 10,245 shares during the last quarter. KBC Group NV increased its position in shares of American International Group by 5.8% in the first quarter. KBC Group NV now owns 343,754 shares of the insurance provider’s stock worth $25,868,000 after purchasing an additional 18,812 shares during the last quarter. Finally, State Street Corp lifted its position in American International Group by 0.8% during the second quarter. State Street Corp now owns 25,115,416 shares of the insurance provider’s stock valued at $1,871,852,000 after purchasing an additional 196,969 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on AIG. Keefe, Bruyette & Woods reduced their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, October 12th. Morgan Stanley reduced their price target on shares of 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. Barclays upped their price objective on shares of American International Group from $80.00 to $81.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Wall Street Zen raised shares of American International Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Finally, Mizuho decreased their price objective on American International Group from $85.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Eight investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $88.00.

American International Group Price Performance

AIG stock opened at $82.55 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.60 and a quick ratio of 0.60. American International Group, Inc. has a 1 year low of $71.25 and a 1 year high of $87.29. The firm has a 50-day moving average of $77.90 and a 200 day moving average of $77.13. The company has a market cap of $42.80 billion, a P/E ratio of 13.44, a PEG ratio of 0.87 and a beta of 0.48.

American International Group (NYSE:AIG) last announced its earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.18. The firm had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.42 billion. American International Group had a net margin of 11.86% and a return on equity of 10.86%. During the same quarter in the previous year, the business posted $2.20 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 8.13 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 16th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, December 16th. American International Group’s payout ratio is currently 32.57%.

About American International Group

American International Group, Inc. (AIG) is a global insurance company headquartered in New York. Founded in Shanghai in 1919, the company has grown into an insurer serving businesses and individuals in the United States and international markets. AIG’s principal business is general insurance, including commercial and personal property and casualty coverage. Its offerings include products and services for businesses, multinational organizations and individuals, with coverage spanning areas such as property, liability, accident and specialty risks.