American International Group, Inc. $AIG Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC cut its AIG stake by 56.4% in the fourth quarter, selling 19,555 shares and leaving it with 15,130 shares valued at about $1.29 million.
• AIG reported strong quarterly earnings of $2.11 per share, beating analysts’ expectations, while revenue came in below consensus. Analysts still expect the company to earn 7.97 EPS for the full year.
• The company raised its quarterly dividend to $0.50 per share from $0.45, implying an annualized payout of $2.00 and a yield of about 2.7%.

AlphaQuest LLC reduced its position in American International Group, Inc. (NYSE:AIG - Free Report) by 56.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,130 shares of the insurance provider's stock after selling 19,555 shares during the quarter. AlphaQuest LLC's holdings in American International Group were worth $1,294,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AIG. Geneos Wealth Management Inc. grew its position in shares of American International Group by 2.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider's stock worth $434,000 after buying an additional 129 shares in the last quarter. Westwood Holdings Group Inc. boosted its holdings in shares of American International Group by 2.9% in the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider's stock valued at $396,000 after acquiring an additional 130 shares during the period. JFS Wealth Advisors LLC boosted its stake in shares of American International Group by 17.7% during the third quarter. JFS Wealth Advisors LLC now owns 872 shares of the insurance provider's stock worth $68,000 after buying an additional 131 shares during the period. Howard Capital Management Inc. lifted its holdings in shares of American International Group by 3.0% during the third quarter. Howard Capital Management Inc. now owns 4,717 shares of the insurance provider's stock worth $370,000 after purchasing an additional 138 shares during the period. Finally, Larson Financial Group LLC lifted its position in American International Group by 12.6% in the fourth quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider's stock valued at $107,000 after purchasing an additional 140 shares during the period. 90.60% of the stock is owned by institutional investors and hedge funds.

American International Group Stock Down 1.3%

NYSE:AIG opened at $74.33 on Friday. The company has a market capitalization of $39.41 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 0.69 and a beta of 0.53. The stock has a 50-day simple moving average of $76.13 and a 200 day simple moving average of $77.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a one year low of $71.25 and a one year high of $87.46.

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

American International Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be paid a $0.50 dividend. The ex-dividend date is Monday, June 15th. This is an increase from American International Group's previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. American International Group's payout ratio is presently 31.75%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AIG. The Goldman Sachs Group lifted their price target on shares of American International Group from $87.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Bank of America cut their target price on shares of American International Group from $80.00 to $79.00 and set a "neutral" rating for the company in a research note on Tuesday, April 14th. HSBC boosted their price target on American International Group from $89.00 to $94.00 and gave the company a "buy" rating in a report on Monday, May 4th. Piper Sandler dropped their target price on shares of American International Group from $95.00 to $88.00 and set an "overweight" rating for the company in a research report on Thursday, February 12th. Finally, Barclays increased their price target on American International Group from $78.00 to $80.00 and gave the company an "equal weight" rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, American International Group has an average rating of "Hold" and a consensus price target of $88.06.

About American International Group

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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