Chicago Partners Investment Group LLC Raises Holdings in American International Group, Inc. $AIG

Chicago Partners Investment Group LLC boosted its holdings in shares of American International Group, Inc. (NYSE:AIG) by 10.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,109 shares of the insurance provider’s stock after buying an additional 493 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in American International Group were worth $406,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AIG. Sachetta LLC increased its holdings in American International Group by 194.5% during the first quarter. Sachetta LLC now owns 377 shares of the insurance provider’s stock valued at $33,000 after buying an additional 249 shares during the period. GFG Capital LLC purchased a new position in American International Group in the second quarter worth $33,000. Barrett & Company Inc. purchased a new position in American International Group in the second quarter worth $35,000. Hemington Wealth Management grew its holdings in American International Group by 42.8% in the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock worth $41,000 after purchasing an additional 142 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in American International Group in the second quarter worth $42,000. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Trading Up 0.7%

NYSE:AIG opened at $78.90 on Thursday. American International Group, Inc. has a 12 month low of $69.24 and a 12 month high of $88.07. The firm has a fifty day simple moving average of $79.96 and a 200-day simple moving average of $81.38. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $43.71 billion, a P/E ratio of 14.94, a PEG ratio of 0.77 and a beta of 0.68.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Wednesday, August 6th. The insurance provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.60 by $0.21. American International Group had a net margin of 11.51% and a return on equity of 7.88%. The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.81 billion. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, equities research analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Announces Dividend

The firm 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 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 16th. American International Group’s dividend payout ratio is presently 34.09%.

Analyst Ratings Changes

AIG has been the topic of several analyst reports. Wolfe Research initiated coverage on shares of American International Group in a report on Tuesday, September 16th. They issued a “peer perform” rating on the stock. Evercore ISI lifted their price target on shares of American International Group from $89.00 to $90.00 and gave the stock an “in-line” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. lifted their price target on shares of American International Group from $95.00 to $97.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Piper Sandler cut their price target on shares of American International Group from $96.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, October 2nd. Finally, The Goldman Sachs Group lifted their price target on shares of American International Group from $85.00 to $86.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $89.81.

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.