ABN Amro Investment Solutions Sells 53,649 Shares of American International Group, Inc. $AIG

Key Points

• ABN Amro Investment Solutions cut its stake in American International Group by 51.7% in Q1, selling 53,649 shares and leaving it with 50,052 shares valued at about $3.77 million.
• Wall Street sentiment on AIG remains mixed: analysts have an average Hold rating, with a consensus price target of $88.22 despite several recent target increases and one upgrade to overweight.
• AIG reported Q1 earnings of $2.11 per share, beating estimates, and raised its quarterly dividend to $0.50 per share, equal to a 2.6% annualized yield.

ABN Amro Investment Solutions reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 51.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,052 shares of the insurance provider's stock after selling 53,649 shares during the quarter. ABN Amro Investment Solutions' holdings in American International Group were worth $3,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modus Advisors LLC purchased a new position in American International Group in the 4th quarter valued at approximately $27,000. Navalign LLC purchased a new position in American International Group during the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. bought a new position in shares of American International Group in the fourth quarter valued at approximately $29,000. SHP Wealth Management bought a new position in shares of American International Group in the fourth quarter valued at approximately $34,000. Finally, CENTRAL TRUST Co grew its stake in American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider's stock valued at $35,000 after acquiring an additional 151 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Wall Street Analysts Forecast Growth

AIG has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Barclays boosted their price target on shares of American International Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a research report on Friday, May 1st. Cantor Fitzgerald raised American International Group from a "neutral" rating to an "overweight" rating and raised their price target for the company from $85.00 to $92.00 in a report on Thursday, July 9th. HSBC dropped their price target on American International Group from $94.00 to $88.00 and set a "buy" rating for the company in a research report on Monday, July 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of American International Group from $98.00 to $95.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $88.22.

American International Group Price Performance

Shares of American International Group stock opened at $78.26 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.65 and a quick ratio of 0.65. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.29. The business's 50 day simple moving average is $76.68 and its two-hundred day simple moving average is $76.47. The stock has a market capitalization of $41.49 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.72 and a beta of 0.53.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, beating analysts' consensus estimates of $1.89 by $0.22. The firm had revenue of $6.65 billion during the quarter, compared to analyst estimates of $7.03 billion. American International Group had a return on equity of 10.93% and a net margin of 11.86%.During the same quarter in the prior year, the firm posted $1.17 earnings per share. Analysts forecast that American International Group, Inc. will post 7.97 EPS for the current year.

American International Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were issued a $0.50 dividend. This is a boost from American International Group's previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.6%. American International Group's dividend payout ratio (DPR) is currently 35.27%.

American International Group Company Profile

American International Group, Inc (AIG) is a global insurance holding company that provides a broad range of property-casualty insurance, specialty insurance, and risk management solutions to institutional, commercial and individual customers. Through its operating subsidiaries, AIG underwrites commercial and personal lines products—ranging from general liability, property, and casualty coverages to specialty lines such as professional liability, surety, cyber and marine—along with related services designed to help clients manage and transfer risk.

The company also has a long history in life insurance, retirement solutions and asset management through businesses that have been restructured or separated over time.

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