Leeward Investments LLC MA Has $8.82 Million Stock Holdings in American International Group, Inc. $AIG

Leeward Investments LLC MA lessened its holdings in American International Group, Inc. (NYSE:AIG) by 29.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,099 shares of the insurance provider’s stock after selling 43,452 shares during the period. Leeward Investments LLC MA’s holdings in American International Group were worth $8,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AIG. Brighton Jones LLC purchased a new stake in American International Group in the 4th quarter worth approximately $1,091,000. Sivia Capital Partners LLC lifted its position in American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock worth $432,000 after buying an additional 1,185 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in American International Group in the 2nd quarter worth approximately $217,000. Ieq Capital LLC lifted its position in American International Group by 11.5% in the 2nd 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 American International Group in the 2nd quarter worth approximately $269,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. The Goldman Sachs Group increased their price objective on American International Group from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Barclays increased their price objective on American International Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Citigroup increased their price objective on American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. Finally, Piper Sandler decreased their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $88.06.

American International Group Price Performance

Shares of NYSE:AIG opened at $76.15 on Friday. American International Group, Inc. has a 1-year low of $71.25 and a 1-year high of $87.46. The firm has a market capitalization of $40.37 billion, a PE ratio of 13.43, a PEG ratio of 0.72 and a beta of 0.53. The business’s 50 day moving average is $76.24 and its 200-day moving average is $77.67. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The company had revenue of $6.65 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same quarter last year, the firm earned $1.17 EPS. Sell-side analysts predict that American International Group, Inc. will post 7.95 earnings per share for the current year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.50 per share. This is a positive change from American International Group’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, June 15th. American International Group’s dividend payout ratio is 31.75%.

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.