NEOS Investment Management LLC Boosts Stock Position in American International Group, Inc. $AIG

NEOS Investment Management LLC raised its stake in shares of American International Group, Inc. (NYSE:AIG) by 13.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,198 shares of the insurance provider’s stock after buying an additional 10,160 shares during the quarter. NEOS Investment Management LLC’s holdings in American International Group were worth $6,499,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in American International Group in the 4th quarter worth about $1,091,000. Sivia Capital Partners LLC increased its stake in American International Group by 30.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in American International Group in the second quarter worth about $217,000. Ieq Capital LLC lifted its stake in shares of American International Group by 11.5% in the second quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after buying an additional 25,311 shares in the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in shares of American International Group during the second quarter valued at approximately $269,000. 90.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American International Group news, insider Peter Zaffino sold 36,829 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $76.14, for a total value of $2,804,160.06. Following the transaction, the insider owned 556,004 shares of the company’s stock, valued at approximately $42,334,144.56. This represents a 6.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

AIG has been the subject of a number of recent analyst reports. Barclays boosted their price objective on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. HSBC cut their target price on American International Group from $94.00 to $88.00 and set a “buy” rating on the stock in a research note on Monday, July 6th. UBS Group boosted their price target on American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Morgan Stanley lowered their price target on American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald dropped their price objective on American International Group from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. Eight analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $88.37.

American International Group Trading Down 0.9%

Shares of AIG stock opened at $76.18 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $71.25 and a 12-month high of $87.29. The stock has a market capitalization of $39.83 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.85 and a beta of 0.50. The firm’s 50 day moving average is $77.96 and its 200 day moving average is $76.99.

American International Group (NYSE:AIG) last announced its earnings results on Friday, August 7th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. The business had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. American International Group had a net margin of 11.13% and a return on equity of 11.05%. During the same period in the previous year, the business earned $1.81 EPS. Research analysts expect that American International Group, Inc. will post 8.02 earnings per share for the current year.

American International Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. American International Group’s payout ratio is presently 36.56%.

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.