Janney Montgomery Scott LLC Has $4.15 Million Holdings in American International Group, Inc. $AIG

Janney Montgomery Scott LLC decreased its holdings in American International Group, Inc. (NYSE:AIG) by 16.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,194 shares of the insurance provider’s stock after selling 10,809 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American International Group were worth $4,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Modus Advisors LLC bought a new position in American International Group during the 4th quarter worth $27,000. Navalign LLC bought a new stake in shares of American International Group in the 4th quarter valued at about $29,000. Mcguire Capital Advisors Inc. acquired a new stake in shares of American International Group in the fourth quarter valued at about $29,000. SHP Wealth Management acquired a new stake in shares of American International Group in the fourth quarter valued at about $34,000. Finally, CENTRAL TRUST Co raised its position in shares of American International Group by 48.7% during the first quarter. CENTRAL TRUST Co now owns 461 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 151 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.

American International Group Stock Down 0.1%

Shares of NYSE:AIG opened at $79.33 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.65 and a current ratio of 0.65. American International Group, Inc. has a 52-week low of $71.25 and a 52-week high of $87.29. The business’s 50 day simple moving average is $75.69 and its two-hundred day simple moving average is $77.13. The firm has a market cap of $42.06 billion, a P/E ratio of 13.99, a PEG ratio of 0.73 and a beta of 0.53.

American International Group (NYSE:AIG) last released its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, research analysts forecast that American International Group, Inc. will post 7.98 EPS for the current fiscal year.

American International Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 29th. Shareholders of record on Monday, June 15th were paid a dividend of $0.50 per share. This is an increase from American International Group’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, June 15th. This represents a $2.00 dividend on an annualized basis and a yield of 2.5%. American International Group’s dividend payout ratio (DPR) is presently 35.27%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. HSBC lifted their price objective on American International Group from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. BMO Capital Markets raised their price target on shares of American International Group from $83.00 to $89.00 in a report on Thursday, May 7th. Cantor Fitzgerald boosted their price target on shares of American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Citigroup lifted 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 note on Monday, May 4th. Finally, UBS Group boosted their target price on shares of American International Group from $92.00 to $94.00 and gave the company a “buy” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $87.94.

American International Group Company Profile

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.