American International Group, Inc. $AIG Shares Sold by Rafferty Asset Management LLC

Rafferty Asset Management LLC reduced its position in American International Group, Inc. (NYSE:AIG) by 3.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,374 shares of the insurance provider’s stock after selling 7,284 shares during the quarter. Rafferty Asset Management LLC’s holdings in American International Group were worth $14,481,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Westfuller Advisors LLC purchased a new position in shares of American International Group during the third quarter worth about $26,000. Atlantic Union Bankshares Corp increased its stake in shares of American International Group by 7,100.0% during the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 355 shares during the period. Eastern Bank lifted its position in American International Group by 2,473.3% in the third quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in American International Group in the 2nd quarter valued at approximately $32,000. Finally, Motco lifted its holdings in shares of American International Group by 950.0% in the 3rd quarter. Motco now owns 420 shares of the insurance provider’s stock valued at $33,000 after buying an additional 380 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Price Performance

Shares of AIG stock opened at $80.40 on Monday. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $88.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $43.14 billion, a PE ratio of 14.83, a PEG ratio of 0.62 and a beta of 0.58. The firm’s 50 day moving average price is $78.24 and its two-hundred day moving average price is $78.96.

American International Group (NYSE:AIG) last posted its earnings results on Tuesday, February 10th. The insurance provider reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.06. The firm had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.99 billion. American International Group had a return on equity of 9.79% and a net margin of 11.56%.During the same period in the previous year, the firm earned $1.30 earnings per share. As a group, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 16th. American International Group’s dividend payout ratio is currently 33.21%.

Analyst Ratings Changes

AIG has been the topic of a number of research reports. Evercore lowered their price target on American International Group from $90.00 to $85.00 in a report on Friday, January 23rd. Royal Bank Of Canada assumed coverage on shares of American International Group in a report on Tuesday, November 25th. They issued a “sector perform” rating and a $85.00 price objective for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of American International Group in a research note on Monday, December 29th. Barclays dropped their price target on American International Group from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Finally, Mizuho lifted their price objective on American International Group from $83.00 to $86.00 and gave the company a “neutral” rating in a research report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $87.58.

American International Group Company 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.