American International Group, Inc. (NYSE:AIG) Shares Sold by Global Retirement Partners LLC

Global Retirement Partners LLC cut its position in shares of American International Group, Inc. (NYSE:AIG) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,849 shares of the insurance provider’s stock after selling 464 shares during the period. Global Retirement Partners LLC’s holdings in American International Group were worth $575,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AIG. Christopher J. Hasenberg Inc purchased a new stake in American International Group during the 3rd quarter worth approximately $26,000. Fortitude Family Office LLC boosted its stake in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 239 shares during the period. Y.D. More Investments Ltd purchased a new position in American International Group during the 2nd quarter worth $27,000. Valued Wealth Advisors LLC raised its position in American International Group by 303.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after buying an additional 276 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in American International Group by 326.0% during the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after buying an additional 339 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Piper Sandler lowered their price objective on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. upgraded shares of American International Group from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. StockNews.com lowered shares of American International Group from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Citigroup reduced their price target on shares of American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. Finally, BMO Capital Markets cut shares of American International Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $90.00 to $84.00 in a research note on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, American International Group currently has a consensus rating of “Hold” and a consensus target price of $84.38.

Insider Activity

In other news, major shareholder International Group American sold 5,000,000 shares of American International Group stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the transaction, the insider now owns 279,238,898 shares in the company, valued at $8,058,834,596.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by company insiders.

American International Group Price Performance

American International Group stock opened at $78.55 on Monday. American International Group, Inc. has a 1 year low of $58.69 and a 1 year high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $52.13 billion, a P/E ratio of 11.72, a PEG ratio of 3.88 and a beta of 1.06. The business has a 50-day moving average of $74.43 and a 200-day moving average of $75.48.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The business had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. During the same quarter last year, the firm earned $1.75 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts anticipate that American International Group, Inc. will post 5.09 EPS for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Monday, September 16th. American International Group’s dividend payout ratio (DPR) is presently 23.88%.

About American International Group

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.