Sequoia Financial Advisors LLC Has $2.21 Million Stock Position in American International Group, Inc. $AIG

Sequoia Financial Advisors LLC increased its position in shares of American International Group, Inc. (NYSE:AIG) by 26.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,786 shares of the insurance provider’s stock after buying an additional 5,333 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in American International Group were worth $2,207,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. GQG Partners LLC increased its holdings in American International Group by 33,315.0% during the 1st quarter. GQG Partners LLC now owns 18,909,539 shares of the insurance provider’s stock worth $1,643,995,000 after purchasing an additional 18,852,949 shares in the last quarter. Nuveen LLC bought a new stake in American International Group during the 1st quarter worth approximately $440,273,000. AQR Capital Management LLC increased its holdings in American International Group by 184.4% during the 1st quarter. AQR Capital Management LLC now owns 3,335,040 shares of the insurance provider’s stock worth $287,214,000 after purchasing an additional 2,162,545 shares in the last quarter. Raymond James Financial Inc. increased its holdings in American International Group by 151.6% during the 1st quarter. Raymond James Financial Inc. now owns 3,285,963 shares of the insurance provider’s stock worth $285,682,000 after purchasing an additional 1,980,001 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in American International Group by 20.4% during the 1st quarter. Bank of New York Mellon Corp now owns 11,212,788 shares of the insurance provider’s stock worth $974,840,000 after purchasing an additional 1,901,998 shares in the last quarter. 90.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley decreased their price objective on American International Group from $85.00 to $84.00 and set an “equal weight” rating for the company in a report on Tuesday, October 7th. Wolfe Research began coverage on American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating for the company. Piper Sandler reduced their target price on American International Group from $96.00 to $88.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. The Goldman Sachs Group upped their target price on American International Group from $85.00 to $86.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Finally, Keefe, Bruyette & Woods reduced their target price on American International Group from $97.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $89.81.

American International Group Price Performance

Shares of NYSE AIG opened at $81.30 on Thursday. The stock has a fifty day simple moving average of $80.01 and a two-hundred day simple moving average of $81.64. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The firm has a market cap of $45.04 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth ratio of 0.82 and a beta of 0.68. 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 (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.21. American International Group had a return on equity of 7.88% and a net margin of 11.51%.The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.81 billion. During the same period in the prior year, the company earned $1.16 earnings per share. Analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

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

American International Group Company 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.