NEOS Investment Management LLC Has $6.20 Million Stock Position in American International Group, Inc. $AIG

NEOS Investment Management LLC raised its holdings in American International Group, Inc. (NYSE:AIG) by 22.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,930 shares of the insurance provider’s stock after acquiring an additional 14,529 shares during the quarter. NEOS Investment Management LLC’s holdings in American International Group were worth $6,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Westfuller Advisors LLC bought a new position in shares of American International Group in the 3rd quarter valued at approximately $26,000. Atlantic Union Bankshares Corp lifted its stake in shares of American International Group by 7,100.0% in the third quarter. Atlantic Union Bankshares Corp now owns 360 shares of the insurance provider’s stock worth $28,000 after buying an additional 355 shares during the last quarter. Eastern Bank boosted its holdings in shares of American International Group by 2,473.3% during the 3rd quarter. Eastern Bank now owns 386 shares of the insurance provider’s stock worth $30,000 after buying an additional 371 shares during the period. Twin Peaks Wealth Advisors LLC bought a new position in American International Group in the 2nd quarter worth $32,000. Finally, NewSquare Capital LLC lifted its position in American International Group by 58.6% during the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 154 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Jefferies Financial Group lifted their price objective on American International Group from $96.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. HSBC lifted their price target on American International Group from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Cantor Fitzgerald lifted their target price on American International Group from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler decreased their price target on shares of American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Finally, Bank of America dropped their price objective on shares of American International Group from $89.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $87.58.

American International Group Stock Up 0.5%

NYSE:AIG opened at $79.78 on Thursday. The stock’s fifty day moving average price is $78.95 and its two-hundred day moving average price is $78.87. The company has a market cap of $42.81 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.61 and a beta of 0.61. 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.

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

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.80 annualized dividend and a yield of 2.3%. American International Group’s dividend payout ratio is presently 33.21%.

About American International Group

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.