Corient Private Wealth LLC Has $20.26 Million Position in American International Group, Inc. (NYSE:AIG)

Corient Private Wealth LLC reduced its stake in shares of American International Group, Inc. (NYSE:AIG) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,346 shares of the insurance provider’s stock after selling 7,161 shares during the quarter. Corient Private Wealth LLC’s holdings in American International Group were worth $20,264,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AIG. Wellington Management Group LLP raised its stake in American International Group by 32.4% during the third quarter. Wellington Management Group LLP now owns 25,013,346 shares of the insurance provider’s stock worth $1,831,727,000 after acquiring an additional 6,119,996 shares in the last quarter. Prana Capital Management LP raised its stake in American International Group by 280.5% during the third quarter. Prana Capital Management LP now owns 1,888,072 shares of the insurance provider’s stock worth $138,264,000 after acquiring an additional 1,391,859 shares in the last quarter. Raymond James Financial Inc. acquired a new position in American International Group during the fourth quarter worth $95,074,000. Swedbank AB raised its stake in American International Group by 70.6% during the fourth quarter. Swedbank AB now owns 2,127,688 shares of the insurance provider’s stock worth $154,896,000 after acquiring an additional 880,625 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its stake in shares of American International Group by 9,790.9% in the fourth quarter. Proficio Capital Partners LLC now owns 690,185 shares of the insurance provider’s stock valued at $50,245,000 after buying an additional 683,207 shares in the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other American International Group news, Director John G. Rice acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $77.00 per share, for a total transaction of $770,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $770,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.61% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on AIG shares. UBS Group lowered their target price on American International Group from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Wells Fargo & Company raised their target price on American International Group from $76.00 to $77.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 14th. The Goldman Sachs Group restated a “neutral” rating and issued a $79.00 target price (down from $83.00) on shares of American International Group in a research note on Wednesday, January 8th. BMO Capital Markets raised their target price on American International Group from $75.00 to $83.00 and gave the company a “market perform” rating in a research note on Thursday, March 13th. Finally, Keefe, Bruyette & Woods raised their target price on American International Group from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Eight investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, American International Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.31.

American International Group Price Performance

Shares of AIG opened at $84.01 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.21. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $84.99. The stock has a market cap of $49.85 billion, a P/E ratio of -40.39, a price-to-earnings-growth ratio of 1.01 and a beta of 0.98. The stock’s 50-day moving average price is $76.71 and its two-hundred day moving average price is $75.41.

American International Group (NYSE:AIG) last issued its earnings results on Tuesday, February 11th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). American International Group had a positive return on equity of 8.01% and a negative net margin of 4.25%. On average, equities analysts predict that American International Group, Inc. will post 6.24 earnings per share for the current year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.90%. The ex-dividend date is Monday, March 17th. American International Group’s dividend payout ratio (DPR) is presently -76.92%.

American International Group 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.