7,524 American International Group, Inc. $AIG Shares Acquired by Lido Advisors LLC

Lido Advisors LLC boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 30.3% in the third quarter, HoldingsChannel reports. The firm owned 32,335 shares of the insurance provider’s stock after purchasing an additional 7,524 shares during the quarter. Lido Advisors LLC’s holdings in American International Group were worth $2,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AIG. Keybank National Association OH raised its position in shares of American International Group by 10.6% in the third quarter. Keybank National Association OH now owns 12,247 shares of the insurance provider’s stock valued at $911,000 after purchasing an additional 1,174 shares during the period. Gryphon Financial Partners LLC boosted its holdings in shares of American International Group by 14.7% during the 3rd quarter. Gryphon Financial Partners LLC now owns 3,277 shares of the insurance provider’s stock worth $244,000 after buying an additional 421 shares during the period. Kestra Investment Management LLC bought a new stake in shares of American International Group during the 3rd quarter worth about $324,000. Fulcrum Asset Management LLP bought a new stake in shares of American International Group during the 3rd quarter worth about $1,463,000. Finally, Allspring Global Investments Holdings LLC grew its stake in American International Group by 4.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 25,324 shares of the insurance provider’s stock valued at $1,910,000 after buying an additional 1,136 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AIG has been the topic of several research analyst reports. Piper Sandler increased their price target on shares of American International Group from $84.00 to $85.00 and gave the company a “neutral” rating in a report on Monday, November 9th. Weiss Ratings restated a “buy (b-)” rating on shares of American International Group in a research report on Tuesday, September 29th. Barclays boosted their price objective on American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their target price on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. Finally, Bank of America reiterated a “neutral” rating on shares of American International Group in a research note on Wednesday, November 4th. Eight research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, American International Group currently has an average rating of “Hold” and a consensus target price of $88.00.

American International Group Stock Performance

Shares of AIG traded up $0.30 during midday trading on Friday, reaching $82.87. 2,463,916 shares of the stock were exchanged, compared to its average volume of 4,144,922. The stock’s 50 day simple moving average is $78.02 and its 200 day simple moving average is $77.17. The company has a market cap of $42.96 billion, a P/E ratio of 13.50, a PEG ratio of 0.87 and a beta of 0.48. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.29. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.27.

American International Group (NYSE:AIG) last released its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.88 by $0.18. American International Group had a net margin of 11.86% and a return on equity of 10.86%. The business had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.42 billion. During the same period in the prior year, the company posted $2.20 earnings per share. On average, sell-side analysts expect that American International Group, Inc. will post 8.14 earnings per share for the current year.

American International Group Dividend Announcement

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