American International Group, Inc. $AIG Shares Sold by Viewpoint Capital Management LLC

Viewpoint Capital Management LLC cut its holdings in shares of American International Group, Inc. (NYSE:AIG) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,424 shares of the insurance provider’s stock after selling 1,000 shares during the period. American International Group comprises about 1.7% of Viewpoint Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Viewpoint Capital Management LLC’s holdings in American International Group were worth $3,545,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AIG. GQG Partners LLC raised its position in shares of American International Group by 33,315.0% in the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock valued at $1,643,995,000 after purchasing an additional 18,852,949 shares in the last quarter. Nuveen LLC bought a new stake in American International Group in the first quarter valued at $440,273,000. AQR Capital Management LLC lifted its position in American International Group by 184.4% in the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock valued at $287,214,000 after purchasing an additional 2,162,545 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of American International Group by 151.6% during the first quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after buying an additional 1,980,001 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after acquiring an additional 1,901,998 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

AIG opened at $83.00 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.22. The firm has a market cap of $45.98 billion, a PE ratio of 15.72, a P/E/G ratio of 0.87 and a beta of 0.68. The business has a fifty day simple moving average of $79.37 and a 200-day simple moving average of $81.67. American International Group, Inc. has a fifty-two week low of $69.24 and a fifty-two week high of $88.07.

American International Group (NYSE:AIG) last announced its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the prior year, the business posted $1.16 earnings per share. As a group, equities analysts predict that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s dividend payout ratio (DPR) is 34.09%.

Wall Street Analyst Weigh In

AIG has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of American International Group from a “hold” rating to a “buy” rating in a research note on Friday. Cfra Research raised American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Piper Sandler dropped their price objective on American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, October 2nd. Evercore ISI upped their price objective on American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a report on Wednesday, October 1st. Finally, Cantor Fitzgerald raised American International Group to a “hold” rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.25.

American International Group Company Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.