Sequoia Financial Advisors LLC Has $1.49 Million Position in American International Group, Inc. (NYSE:AIG)

Sequoia Financial Advisors LLC grew its holdings in American International Group, Inc. (NYSE:AIG) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,336 shares of the insurance provider’s stock after buying an additional 396 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in American International Group were worth $1,489,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc acquired a new stake in American International Group in the 3rd quarter valued at about $26,000. Y.D. More Investments Ltd bought a new position in American International Group in the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC raised its position in American International Group by 199.2% in the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 239 shares during the last quarter. Valued Wealth Advisors LLC lifted its holdings in American International Group by 303.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 367 shares of the insurance provider’s stock worth $29,000 after buying an additional 276 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in American International Group by 326.0% in the 2nd quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. 90.60% of the stock is owned by institutional investors.

American International Group Trading Up 0.3 %

NYSE AIG opened at $77.67 on Friday. American International Group, Inc. has a 12 month low of $59.12 and a 12 month high of $80.83. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $74.75 and a 200-day moving average of $75.49. The company has a market cap of $51.55 billion, a PE ratio of 11.59, a PEG ratio of 3.88 and a beta of 1.06.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $11.64 billion. American International Group had a negative net margin of 1.54% and a positive return on equity of 9.52%. The business’s revenue was up .0% on a year-over-year basis. During the same period last year, the business earned $1.75 EPS. On average, equities research analysts anticipate that American International Group, Inc. will post 5.09 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.60 annualized dividend and a yield of 2.06%. American International Group’s dividend payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AIG. JPMorgan Chase & Co. raised American International Group from a “neutral” rating to an “overweight” rating and cut their price target for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $87.00 target price on shares of American International Group in a research note on Tuesday, July 9th. Bank of America boosted their price target on shares of American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price objective on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Piper Sandler dropped their target price on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $84.38.

Insider Activity

In related news, major shareholder International Group American sold 8,032,129 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $24.90, for a total value of $200,000,012.10. Following the sale, the insider now owns 284,238,898 shares in the company, valued at approximately $7,077,548,560.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.61% of the company’s stock.

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.