Tidal Investments LLC Sells 7,287 Shares of American International Group, Inc. (NYSE:AIG)

Tidal Investments LLC lessened its holdings in American International Group, Inc. (NYSE:AIG) by 13.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 48,829 shares of the insurance provider’s stock after selling 7,287 shares during the period. Tidal Investments LLC’s holdings in American International Group were worth $3,817,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Valued Wealth Advisors LLC lifted its position in shares of American International Group by 303.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 276 shares during the period. Rise Advisors LLC purchased a new stake in shares of American International Group in the 1st quarter worth approximately $29,000. CENTRAL TRUST Co lifted its position in American International Group by 123.8% during the first quarter. CENTRAL TRUST Co now owns 452 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 250 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in American International Group during the fourth quarter valued at approximately $40,000. Finally, Scarborough Advisors LLC purchased a new stake in American International Group during the fourth quarter valued at approximately $40,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BMO Capital Markets increased their target price on shares of American International Group from $88.00 to $89.00 and gave the company an “outperform” rating in a research report on Monday, May 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 price target on shares of American International Group in a report on Tuesday, July 9th. JPMorgan Chase & Co. increased their price objective on shares of American International Group from $80.00 to $93.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research note on Thursday, June 27th. Finally, Evercore ISI cut their price objective on shares of American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a research note on Thursday, June 27th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, American International Group presently has an average rating of “Hold” and a consensus target price of $82.38.

American International Group Trading Down 1.8 %

Shares of AIG traded down $1.38 during trading on Friday, reaching $73.53. 747,259 shares of the company traded hands, compared to its average volume of 4,179,779. American International Group, Inc. has a twelve month low of $57.02 and a twelve month high of $80.83. The stock has a market cap of $48.80 billion, a PE ratio of 10.97, a price-to-earnings-growth ratio of 2.62 and a beta of 1.07. The stock has a 50-day simple moving average of $76.06 and a 200-day simple moving average of $74.70. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.05.

American International Group (NYSE:AIG) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a negative net margin of 1.54% and a positive return on equity of 9.37%. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.64 billion. During the same quarter in the prior year, the business earned $1.75 earnings per share. American International Group’s revenue was up .0% on a year-over-year basis. On average, analysts anticipate that American International Group, Inc. will post 6.4 earnings per share for the current year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Monday, September 16th. American International Group’s dividend payout ratio (DPR) is currently 23.88%.

American International Group declared that its board has approved a stock repurchase program on Wednesday, May 1st that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the insurance provider to reacquire up to 19.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Insider Activity at American International Group

In related news, Director W Don Cornwell 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director W Don Cornwell 1,000 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder International Group American sold 30,000,000 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $29.20, for a total transaction of $876,000,000.00. Following the transaction, the insider now owns 294,203,636 shares of the company’s stock, valued at approximately $8,590,746,171.20. The disclosure for this sale can be found here. Company insiders own 0.61% of the company’s stock.

American International Group Company 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.