Viewpoint Capital Management LLC Lowers Stake in American International Group, Inc. $AIG

Viewpoint Capital Management LLC decreased its position in shares of American International Group, Inc. (NYSE:AIG) by 2.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 41,424 shares of the insurance provider’s stock after selling 1,000 shares during the period. American International Group accounts for approximately 1.7% of Viewpoint Capital Management LLC’s portfolio, making the stock its 16th largest holding. Viewpoint Capital Management LLC’s holdings in American International Group were worth $3,545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Patton Fund Management Inc. purchased a new position in shares of American International Group during the 2nd quarter worth $232,000. AIA Group Ltd lifted its position in American International Group by 169.6% during the first quarter. AIA Group Ltd now owns 10,368 shares of the insurance provider’s stock worth $901,000 after buying an additional 6,523 shares during the period. Townsquare Capital LLC boosted its stake in American International Group by 5.4% in the 1st quarter. Townsquare Capital LLC now owns 115,129 shares of the insurance provider’s stock worth $10,009,000 after buying an additional 5,899 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in American International Group by 175.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider’s stock valued at $15,807,000 after buying an additional 115,706 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of American International Group by 2.2% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 16,625 shares of the insurance provider’s stock valued at $1,445,000 after acquiring an additional 355 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AIG. Cfra Research raised shares of American International Group to a “moderate buy” rating in a research report on Monday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of American International Group in a report on Saturday, September 27th. Piper Sandler lowered their price objective on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. Citigroup assumed coverage on American International Group in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $85.00 target price on the stock. Finally, William Blair raised American International Group to a “strong-buy” rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, American International Group has an average rating of “Moderate Buy” and an average price target of $88.25.

American International Group Stock Performance

NYSE:AIG opened at $83.00 on Tuesday. The firm’s fifty day simple moving average is $79.37 and its 200 day simple moving average is $81.67. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a twelve month low of $69.24 and a twelve month high of $88.07. The firm has a market capitalization of $45.98 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 0.87 and a beta of 0.68.

American International Group (NYSE:AIG) last released its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.60 by $0.21. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period last year, the company posted $1.16 earnings per share. As a group, equities research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Tuesday, September 16th. American International Group’s dividend payout ratio is currently 34.09%.

American International Group Profile

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.