Kingsview Wealth Management LLC Acquires 28,085 Shares of American International Group, Inc. $AIG

Kingsview Wealth Management LLC grew its holdings in shares of American International Group, Inc. (NYSE:AIG) by 422.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 34,729 shares of the insurance provider’s stock after purchasing an additional 28,085 shares during the period. Kingsview Wealth Management LLC’s holdings in American International Group were worth $2,972,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GFG Capital LLC bought a new stake in shares of American International Group in the 2nd quarter worth $33,000. Barrett & Company Inc. purchased a new stake in shares of American International Group during the 2nd quarter worth approximately $35,000. NewSquare Capital LLC lifted its holdings in shares of American International Group by 58.6% in the 2nd quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 154 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in American International Group in the second quarter worth $40,000. Finally, Hemington Wealth Management boosted its position in shares of American International Group by 42.8% during the first quarter. Hemington Wealth Management now owns 474 shares of the insurance provider’s stock valued at $41,000 after buying an additional 142 shares during the period. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of AIG opened at $77.04 on Wednesday. The stock has a market cap of $41.57 billion, a PE ratio of 14.59, a P/E/G ratio of 0.77 and a beta of 0.73. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07. The firm has a 50-day simple moving average of $78.71 and a two-hundred day simple moving average of $80.95.

American International Group (NYSE:AIG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.63. The company had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.82 billion. American International Group had a net margin of 11.51% and a return on equity of 7.88%. During the same period in the prior year, the firm earned $1.23 earnings per share. As a group, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 16th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, December 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. American International Group’s dividend payout ratio (DPR) is presently 32.73%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. UBS Group raised their target price on shares of American International Group from $90.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wells Fargo & Company upped their price target on shares of American International Group from $82.00 to $83.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 12th. Cantor Fitzgerald raised shares of American International Group to a “hold” rating in a research report on Tuesday, August 12th. Jefferies Financial Group lowered their price target on shares of American International Group from $99.00 to $96.00 in a report on Friday, November 7th. Finally, Evercore ISI lifted their price target on shares of American International Group from $89.00 to $90.00 and gave the company an “in-line” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

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.