American International Group Inc (NYSE:AIG) Shares Sold by Tiedemann Advisors LLC

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Tiedemann Advisors LLC decreased its position in shares of American International Group Inc (NYSE:AIG) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,970 shares of the insurance provider’s stock after selling 834 shares during the quarter. Tiedemann Advisors LLC’s holdings in American International Group were worth $211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Bank & Trust grew its holdings in shares of American International Group by 7.6% in the 2nd quarter. First Bank & Trust now owns 3,083 shares of the insurance provider’s stock valued at $164,000 after acquiring an additional 218 shares in the last quarter. OLD National Bancorp IN boosted its holdings in shares of American International Group by 0.9% during the second quarter. OLD National Bancorp IN now owns 24,491 shares of the insurance provider’s stock worth $1,305,000 after acquiring an additional 230 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of American International Group by 0.3% during the second quarter. CIBC Asset Management Inc now owns 82,798 shares of the insurance provider’s stock worth $4,411,000 after acquiring an additional 252 shares during the period. National Asset Management Inc. boosted its holdings in shares of American International Group by 3.5% during the second quarter. National Asset Management Inc. now owns 7,627 shares of the insurance provider’s stock worth $407,000 after acquiring an additional 258 shares during the period. Finally, Duff & Phelps Investment Management Co. boosted its holdings in shares of American International Group by 2.9% during the second quarter. Duff & Phelps Investment Management Co. now owns 9,515 shares of the insurance provider’s stock worth $507,000 after acquiring an additional 270 shares during the period. 90.99% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on AIG shares. Evercore ISI restated a “hold” rating and set a $53.00 price objective on shares of American International Group in a report on Sunday, August 11th. ValuEngine cut American International Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Deutsche Bank cut American International Group from a “buy” rating to a “hold” rating and set a $53.35 price objective for the company. in a report on Wednesday, June 5th. They noted that the move was a valuation call. Morgan Stanley restated a “buy” rating and set a $63.00 price objective on shares of American International Group in a report on Monday, August 12th. Finally, William Blair upgraded American International Group from a “market perform” rating to an “outperform” rating in a report on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. American International Group presently has a consensus rating of “Buy” and a consensus target price of $57.03.

Shares of NYSE AIG traded up $0.53 during midday trading on Friday, reaching $57.29. The company’s stock had a trading volume of 3,192,309 shares, compared to its average volume of 2,927,057. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.28 and a current ratio of 0.28. American International Group Inc has a fifty-two week low of $36.16 and a fifty-two week high of $57.58. The business’s 50 day moving average price is $54.54 and its two-hundred day moving average price is $50.52. The company has a market cap of $49.38 billion, a P/E ratio of 48.97, a P/E/G ratio of 1.11 and a beta of 1.19.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, August 7th. The insurance provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.17 by $0.26. American International Group had a negative net margin of 0.24% and a positive return on equity of 2.97%. The business had revenue of $12.16 billion during the quarter, compared to the consensus estimate of $12.07 billion. During the same period in the previous year, the business earned $1.05 earnings per share. Sell-side analysts forecast that American International Group Inc will post 5.13 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, September 16th. This represents a $1.28 annualized dividend and a yield of 2.23%. American International Group’s dividend payout ratio is currently 109.40%.

In other American International Group news, CEO Seraina Macia sold 7,550 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $56.00, for a total transaction of $422,800.00. Following the completion of the transaction, the chief executive officer now directly owns 11,055 shares in the company, valued at $619,080. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

American International Group Company Profile

American International Group, Inc provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products, as well as various risk-sharing and other customized structured programs; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, surety, crop, and marine insurance.

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Institutional Ownership by Quarter for American International Group (NYSE:AIG)

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