Timber Creek Capital Management LLC Sells 2,375 Shares of American International Group, Inc. $AIG

Timber Creek Capital Management LLC decreased its stake in American International Group, Inc. (NYSE:AIG) by 11.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,096 shares of the insurance provider’s stock after selling 2,375 shares during the period. Timber Creek Capital Management LLC’s holdings in American International Group were worth $1,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GFG Capital LLC bought a new position in shares of American International Group during the 2nd quarter valued at approximately $33,000. Barrett & Company Inc. bought a new stake in American International Group during the 2nd quarter worth approximately $35,000. NewSquare Capital LLC lifted its holdings in American International Group by 58.6% during the second quarter. NewSquare Capital LLC now owns 417 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 154 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of American International Group in the second quarter worth approximately $40,000. Finally, Hemington Wealth Management increased its stake in shares of 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 in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

Shares of American International Group stock opened at $75.12 on Tuesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50 day moving average price of $78.51 and a 200-day moving average price of $80.77. The stock has a market cap of $40.53 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73. American International Group, Inc. has a one year low of $69.24 and a one year high of $88.07.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, November 5th. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.63. The firm had revenue of $6.35 billion during 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 quarter last year, the business earned $1.23 EPS. Equities analysts expect that American International Group, Inc. will post 6.24 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 16th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 16th. American International Group’s dividend payout ratio (DPR) is currently 32.73%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup started coverage on shares of American International Group in a research note on Wednesday, August 13th. They set a “neutral” rating and a $85.00 target price on the stock. Cfra Research raised American International Group to a “moderate buy” rating in a research note on Monday, August 11th. Wall Street Zen cut American International Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Bank of America boosted their price target on American International Group from $88.00 to $94.00 and gave the stock a “neutral” rating in a report on Monday, October 13th. Finally, Piper Sandler cut 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 report on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $89.73.

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.