Valeo Financial Advisors LLC Acquires 435 Shares of American International Group, Inc. $AIG

Valeo Financial Advisors LLC boosted its stake in shares of American International Group, Inc. (NYSE:AIG) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,740 shares of the insurance provider’s stock after buying an additional 435 shares during the quarter. Valeo Financial Advisors LLC’s holdings in American International Group were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Pinnacle Associates Ltd. grew its position in shares of American International Group by 1.6% during the 1st quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the insurance provider’s stock valued at $670,000 after acquiring an additional 122 shares during the period. Miracle Mile Advisors LLC grew its holdings in American International Group by 1.6% during the first quarter. Miracle Mile Advisors LLC now owns 8,094 shares of the insurance provider’s stock valued at $704,000 after purchasing an additional 124 shares during the period. Western Pacific Wealth Management LP grew its holdings in American International Group by 2.3% during the first quarter. Western Pacific Wealth Management LP now owns 5,673 shares of the insurance provider’s stock valued at $493,000 after purchasing an additional 125 shares during the period. Aaron Wealth Advisors LLC grew its stake in shares of American International Group by 2.4% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 5,466 shares of the insurance provider’s stock worth $468,000 after acquiring an additional 126 shares during the period. Finally, Montag A & Associates Inc. grew its stake in shares of American International Group by 0.7% during the 1st quarter. Montag A & Associates Inc. now owns 17,788 shares of the insurance provider’s stock worth $1,546,000 after acquiring an additional 130 shares during the period. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AIG. Piper Sandler cut their target price on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Morgan Stanley cut their price objective on shares of American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday. Wolfe Research began coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a report on Tuesday, August 12th. Finally, Cfra Research raised American International Group to a “moderate buy” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, American International Group presently has an average rating of “Moderate Buy” and an average target price of $88.44.

American International Group Trading Up 1.2%

Shares of AIG opened at $84.04 on Wednesday. The firm’s 50 day simple moving average is $79.48 and its 200 day simple moving average is $81.69. The company has a market capitalization of $46.56 billion, a P/E ratio of 15.92, a P/E/G ratio of 0.89 and a beta of 0.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a 1-year low of $69.24 and a 1-year 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 for the quarter, beating the consensus estimate of $1.60 by $0.21. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.81 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same quarter last year, the company posted $1.16 EPS. Sell-side analysts forecast that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.1%. American International Group’s dividend payout ratio (DPR) is presently 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.