American International Group, Inc. $AIG Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC reduced its position in shares of American International Group, Inc. (NYSE:AIG) by 14.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 159,240 shares of the insurance provider’s stock after selling 27,576 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in American International Group were worth $13,384,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AIG. GFG Capital LLC acquired a new position in shares of American International Group in the 2nd quarter worth approximately $33,000. Eastern Bank grew its position in American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after buying an additional 371 shares during the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of American International Group in the second quarter valued at $32,000. Barrett & Company Inc. acquired a new stake in shares of American International Group during the 2nd quarter valued at $35,000. Finally, NewSquare Capital LLC lifted its position in shares of American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 154 shares during the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Price Performance

Shares of AIG opened at $72.22 on Friday. The firm has a market cap of $38.97 billion, a PE ratio of 13.13, a PEG ratio of 0.74 and a beta of 0.62. The firm’s 50 day moving average price is $79.23 and its 200 day moving average price is $79.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.32 and a current ratio of 1.32. American International Group, Inc. has a twelve month low of $71.36 and a twelve month high of $88.07.

American International Group (NYSE:AIG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. American International Group had a return on equity of 9.09% and a net margin of 11.89%.The company had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the company posted $1.23 EPS. As a group, research analysts expect that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.45 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.5%. American International Group’s payout ratio is presently 32.73%.

Analyst Upgrades and Downgrades

AIG has been the subject of several analyst reports. Wells Fargo & Company upped their target price on American International Group from $83.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Cantor Fitzgerald cut their price objective on American International Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a report on Wednesday, January 14th. The Goldman Sachs Group upped their price objective on shares of American International Group from $81.00 to $83.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Keefe, Bruyette & Woods raised their target price on shares of American International Group from $91.00 to $96.00 and gave the stock an “outperform” rating in a report on Tuesday, January 6th. Finally, Mizuho dropped their target price on shares of American International Group from $84.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 14th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $87.68.

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.