Cwm LLC Buys 1,115 Shares of American International Group, Inc. $AIG

Cwm LLC raised its stake in American International Group, Inc. (NYSE:AIG) by 1.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 78,637 shares of the insurance provider’s stock after purchasing an additional 1,115 shares during the quarter. Cwm LLC’s holdings in American International Group were worth $6,731,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AIG. Brighton Jones LLC bought a new stake in American International Group in the fourth quarter valued at approximately $1,091,000. GAMMA Investing LLC lifted its position in American International Group by 18.6% in the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider’s stock valued at $1,146,000 after purchasing an additional 2,069 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in American International Group by 175.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock valued at $15,807,000 after purchasing an additional 115,706 shares during the last quarter. Mission Wealth Management LP bought a new position in shares of American International Group during the first quarter valued at approximately $221,000. Finally, Sowell Financial Services LLC purchased a new stake in American International Group in the first quarter worth $768,000. Institutional investors own 90.60% of the company’s stock.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of research analyst reports. Morgan Stanley dropped their price target on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods dropped their price target on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Citigroup initiated coverage on American International Group in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 price target for the company. JPMorgan Chase & Co. raised their price target on American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group raised their price target on American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, American International Group presently has a consensus rating of “Moderate Buy” and an average target price of $89.81.

American International Group Price Performance

AIG opened at $81.30 on Thursday. The stock has a fifty day simple moving average of $80.01 and a two-hundred day simple moving average of $81.64. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market cap of $45.04 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 0.82 and a beta of 0.68. American International Group, Inc. has a 12-month low of $69.24 and a 12-month high of $88.07.

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

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. American International Group’s dividend payout ratio is 34.09%.

American International Group 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.