One Wealth Advisors LLC Trims Stock Position in American International Group, Inc. $AIG

Key Points

• One Wealth Advisors LLC significantly reduced its holdings in American International Group (AIG) by 53.3%, ending the second quarter with only 2,876 shares valued at $246,000.
• AIG reported a second quarter earnings per share (EPS) of $1.81, surpassing analysts' expectations of $1.60, with a revenue of $6.77 billion.
• The company also announced a quarterly dividend of $0.45 per share, resulting in an annualized dividend of $1.80 and a dividend yield of 2.3%.

One Wealth Advisors LLC trimmed its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 53.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,876 shares of the insurance provider's stock after selling 3,276 shares during the period. One Wealth Advisors LLC's holdings in American International Group were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AIG. Sachetta LLC lifted its holdings in shares of American International Group by 194.5% during the 1st quarter. Sachetta LLC now owns 377 shares of the insurance provider's stock worth $33,000 after acquiring an additional 249 shares during the period. Hemington Wealth Management raised its stake in American International Group by 42.8% during 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 during the period. NBC Securities Inc. acquired a new position in shares of American International Group in the 1st quarter valued at $47,000. WPG Advisers LLC purchased a new stake in shares of American International Group during the 1st quarter valued at $47,000. Finally, SouthState Corp increased its holdings in shares of American International Group by 798.5% during the 1st quarter. SouthState Corp now owns 584 shares of the insurance provider's stock worth $51,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 90.60% of the company's stock.

American International Group Stock Performance

NYSE:AIG opened at $78.55 on Wednesday. The firm has a 50-day moving average of $79.26 and a two-hundred day moving average of $81.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $43.52 billion, a P/E ratio of 14.88, a PEG ratio of 0.83 and a beta of 0.70. American International Group, Inc. has a 1-year low of $69.24 and a 1-year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.60 by $0.21. The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.81 billion. American International Group had a return on equity of 7.88% and a net margin of 11.51%.During the same period in the previous year, the company earned $1.16 earnings per share. On average, research analysts expect that American International Group, Inc. will post 6.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 16th. American International Group's dividend payout ratio is 34.09%.

Analysts Set New Price Targets

AIG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their target price on American International Group from $97.00 to $91.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded American International Group from a "buy" rating to a "hold" rating in a report on Tuesday, September 23rd. Wolfe Research initiated coverage on American International Group in a report on Tuesday, September 16th. They set a "peer perform" rating for the company. William Blair raised shares of American International Group to a "strong-buy" rating in a research report on Friday, August 1st. Finally, Citigroup assumed coverage on shares of American International Group in a research report on Wednesday, August 13th. They set a "neutral" rating and a $85.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of "Moderate Buy" and an average price target of $88.27.

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.

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