Leeward Investments LLC MA Sells 43,452 Shares of American International Group, Inc. $AIG

Leeward Investments LLC MA decreased its holdings in shares of American International Group, Inc. (NYSE:AIG) by 29.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 103,099 shares of the insurance provider’s stock after selling 43,452 shares during the period. Leeward Investments LLC MA’s holdings in American International Group were worth $8,820,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Berkeley Capital Partners LLC bought a new position in American International Group during the fourth quarter worth about $1,001,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of American International Group during the 4th quarter worth about $547,000. Navalign LLC acquired a new stake in shares of American International Group during the 4th quarter worth about $29,000. Legacy Financial Advisors Inc. increased its position in shares of American International Group by 18.8% during the 4th quarter. Legacy Financial Advisors Inc. now owns 13,688 shares of the insurance provider’s stock worth $1,171,000 after purchasing an additional 2,162 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of American International Group by 5.0% during the 4th quarter. World Investment Advisors now owns 10,755 shares of the insurance provider’s stock worth $879,000 after purchasing an additional 512 shares in the last quarter. Institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 0.6%

NYSE:AIG opened at $76.15 on Friday. The stock’s fifty day moving average price is $76.24 and its two-hundred day moving average price is $77.67. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.46. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market cap of $40.37 billion, a price-to-earnings ratio of 13.43, a P/E/G ratio of 0.72 and a beta of 0.53.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.22. American International Group had a return on equity of 10.93% and a net margin of 11.86%.The firm had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the prior year, the business earned $1.17 EPS. On average, analysts anticipate that American International Group, Inc. will post 7.95 EPS for the current year.

American International Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.00 annualized dividend and a yield of 2.6%. This is an increase from American International Group’s previous quarterly dividend of $0.45. American International Group’s dividend payout ratio (DPR) is presently 31.75%.

Wall Street Analysts Forecast Growth

AIG has been the subject of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of American International Group from $86.00 to $85.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of American International Group from $97.00 to $86.00 and set a “neutral” rating for the company in a research report on Monday, April 20th. Keefe, Bruyette & Woods increased their target price on shares of American International Group from $97.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Citigroup increased their target price on shares of American International Group from $85.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, American International Group currently has a consensus 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.