Amalgamated Bank Has $10.16 Million Stake in American International Group, Inc. (NYSE:AIG)

Amalgamated Bank lowered its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 116,807 shares of the insurance provider's stock after selling 4,050 shares during the quarter. Amalgamated Bank's holdings in American International Group were worth $10,155,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of American International Group by 175.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 181,810 shares of the insurance provider's stock valued at $15,807,000 after acquiring an additional 115,706 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of American International Group by 54.3% during the fourth quarter. Jones Financial Companies Lllp now owns 12,690 shares of the insurance provider's stock valued at $924,000 after acquiring an additional 4,468 shares during the period. Steward Partners Investment Advisory LLC lifted its stake in shares of American International Group by 34.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,161 shares of the insurance provider's stock valued at $813,000 after acquiring an additional 2,874 shares during the period. GAMMA Investing LLC lifted its stake in shares of American International Group by 18.6% during the first quarter. GAMMA Investing LLC now owns 13,187 shares of the insurance provider's stock valued at $1,146,000 after acquiring an additional 2,069 shares during the period. Finally, Brighton Jones LLC acquired a new position in shares of American International Group during the fourth quarter valued at $1,091,000. Institutional investors and hedge funds own 90.60% of the company's stock.

Insider Buying and Selling

In related news, EVP Christopher Flatt sold 46,182 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the completion of the transaction, the executive vice president directly owned 21,400 shares of the company's stock, valued at approximately $1,781,764. This represents a 68.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.61% of the company's stock.

American International Group Stock Up 0.3%

NYSE AIG traded up $0.25 during trading hours on Tuesday, hitting $85.84. 3,622,927 shares of the company traded hands, compared to its average volume of 4,374,285. The business's 50-day moving average is $83.64 and its 200-day moving average is $79.68. American International Group, Inc. has a twelve month low of $69.00 and a twelve month high of $88.07. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $49.47 billion, a price-to-earnings ratio of -32.27, a P/E/G ratio of 0.92 and a beta of 0.64.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The insurance provider reported $1.17 EPS for the quarter, beating the consensus estimate of $1.04 by $0.13. American International Group had a positive return on equity of 7.13% and a negative net margin of 7.05%. The firm had revenue of $6.77 billion during the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the prior year, the firm posted $1.25 earnings per share. Sell-side analysts anticipate that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, June 13th. This is a boost from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 2.10%. American International Group's dividend payout ratio is -67.67%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on AIG shares. Evercore ISI upped their price target on American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research note on Tuesday, April 1st. Morgan Stanley upped their price objective on American International Group from $81.00 to $85.00 and gave the company an "equal weight" rating in a report on Monday, May 19th. Wells Fargo & Company upped their price objective on American International Group from $81.00 to $82.00 and gave the company an "equal weight" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $91.00 price objective (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Finally, BMO Capital Markets upped their price objective on American International Group from $75.00 to $83.00 and gave the company a "market perform" rating in a report on Thursday, March 13th. Nine investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, American International Group has an average rating of "Moderate Buy" and an average price target of $88.12.

About American International Group

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.