Ieq Capital LLC Grows Stock Holdings in American International Group, Inc. (NYSE:AIG)

Ieq Capital LLC lifted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 10.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,370 shares of the insurance provider’s stock after purchasing an additional 2,515 shares during the quarter. Ieq Capital LLC’s holdings in American International Group were worth $2,032,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new stake in American International Group in the second quarter valued at approximately $27,000. Fortitude Family Office LLC raised its holdings in shares of American International Group by 199.2% in 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. Valued Wealth Advisors LLC increased 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 purchasing an additional 276 shares in the last quarter. Rise Advisors LLC acquired a new position in American International Group during the first quarter valued at approximately $29,000. Finally, Versant Capital Management Inc increased its position in shares of American International Group by 326.0% in the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 339 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIG. Keefe, Bruyette & Woods lowered their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. TD Cowen dropped their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a report on Tuesday, August 13th. Evercore ISI reduced their price objective on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, June 27th. Citigroup decreased their target price on American International Group from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, American International Group has an average rating of “Hold” and an average target price of $83.88.

Insider Buying and Selling at American International Group

In other news, major shareholder International Group American sold 8,032,129 shares of American International Group stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the transaction, the insider now directly owns 284,238,898 shares in the company, valued at $7,077,548,560.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 14,964,738 shares of company stock worth $400,732,195 over the last ninety days. Company insiders own 0.61% of the company’s stock.

American International Group Stock Performance

AIG opened at $73.76 on Friday. The stock has a 50-day moving average of $74.55 and a 200-day moving average of $75.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.67 and a current ratio of 0.67. American International Group, Inc. has a 52-week low of $57.72 and a 52-week high of $80.83. The company has a market cap of $48.95 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.06.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 EPS 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 company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter last year, the business earned $1.75 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. As a group, equities research analysts forecast that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.17%. 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.