NewEdge Advisors LLC Sells 21,042 Shares of American International Group, Inc. $AIG

NewEdge Advisors LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 36.0% in the first quarter, HoldingsChannel.com reports. The firm owned 37,342 shares of the insurance provider’s stock after selling 21,042 shares during the period. NewEdge Advisors LLC’s holdings in American International Group were worth $2,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of American International Group by 2.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 129 shares in the last quarter. Westwood Holdings Group Inc. raised its position in American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 130 shares in the last quarter. Larson Financial Group LLC lifted its stake in American International Group by 12.6% during the fourth quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock worth $107,000 after purchasing an additional 140 shares during the period. GW&K Investment Management LLC lifted its stake in American International Group by 8.1% during the fourth quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock worth $164,000 after purchasing an additional 144 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its holdings in American International Group by 1.3% during the first quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock valued at $831,000 after purchasing an additional 146 shares in the last quarter. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Trading Down 0.1%

AIG stock opened at $76.05 on Friday. The business has a fifty day moving average price of $77.55 and a 200 day moving average price of $76.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The stock has a market capitalization of $39.77 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.70 and a beta of 0.53.

American International Group (NYSE:AIG) last announced its earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.08. American International Group had a return on equity of 11.03% and a net margin of 11.13%.The company had revenue of $7.08 billion during the quarter, compared to analyst estimates of $7.25 billion. During the same period last year, the company posted $1.81 earnings per share. Analysts expect that American International Group, Inc. will post 8.01 EPS for the current fiscal year.

American International Group Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on American International Group from $89.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday. Royal Bank Of Canada upped their price target on American International Group from $85.00 to $87.00 and gave the company a “sector perform” rating in a research report on Monday. HSBC cut their price objective on American International Group from $94.00 to $88.00 and set a “buy” rating for the company in a report on Monday, July 6th. UBS Group upped their target price on shares of American International Group from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Piper Sandler lifted their price target on shares of American International Group from $80.00 to $84.00 and gave the company a “neutral” rating in a report on Monday. Seven analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $88.39.

American International Group News Summary

Here are the key news stories impacting American International Group this week:

• Positive Sentiment: AIG introduced a Parametric Cloud Outage Solution, designed to provide predetermined payments when cloud-service disruptions meet specified conditions. The offering expands the insurer’s cyber coverage and could support future growth as businesses seek protection against cloud-related interruptions. AIG Expands Cyber Insurance Offering to Help Businesses Manage Cloud Outage Risks
• Positive Sentiment: KBW maintained a Buy rating on AIG, while Royal Bank of Canada raised its price target to $87. These views indicate that some analysts see additional upside from current trading levels. KBW Remains a Buy on American International Group Royal Bank of Canada Increases AIG Price Target
• Neutral Sentiment: Morgan Stanley lowered its AIG price target from $82 to $81 and kept an Equal Weight rating. The revised target still implied roughly 6.5% upside based on the referenced price, but the reduction signals more limited near-term conviction. Morgan Stanley AIG analyst update
• Neutral Sentiment: AIG appointed a 15-year company veteran to lead its North American cyber and professional liability business. The move may support execution in a strategically important insurance segment, although no immediate financial impact was disclosed. AIG taps veteran to head cyber and professional liability
• Negative Sentiment: Chief Executive Peter Zaffino sold a combined 236,829 AIG shares for approximately $18.1 million, reducing his holdings. Because both transactions were conducted under a pre-arranged Rule 10b5-1 plan, the sales may reflect scheduled diversification rather than a change in his outlook, but they can nevertheless weigh on sentiment.
• Neutral Sentiment: Analyst opinions on AIG remain mixed, suggesting the stock lacks a clear consensus catalyst despite its moderate valuation and continued analyst price targets above the referenced market price. Analysts’ Opinions Are Mixed on AIG

Insider Buying and Selling

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

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.