WCG Wealth Advisors LLC Takes Position in American International Group, Inc. $AIG

WCG Wealth Advisors LLC acquired a new stake in American International Group, Inc. (NYSE:AIG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,265 shares of the insurance provider’s stock, valued at approximately $1,563,000.

A number of other hedge funds have also made changes to their positions in AIG. Brighton Jones LLC purchased a new position in shares of American International Group in the 4th quarter valued at about $1,091,000. Sivia Capital Partners LLC increased its holdings in shares of American International Group by 30.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,050 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 1,185 shares during the last quarter. Flow Traders U.S. LLC purchased a new position in American International Group during the 2nd quarter worth approximately $217,000. Ieq Capital LLC grew its stake in American International Group by 11.5% during the 2nd quarter. Ieq Capital LLC now owns 244,871 shares of the insurance provider’s stock worth $20,958,000 after buying an additional 25,311 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new position in American International Group during the 2nd quarter worth approximately $269,000. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Stock Up 2.8%

American International Group stock opened at $75.51 on Friday. American International Group, Inc. has a twelve month low of $71.25 and a twelve month high of $87.46. The stock has a 50 day moving average of $76.04 and a two-hundred day moving average of $77.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $40.03 billion, a price-to-earnings ratio of 13.32, a PEG ratio of 0.67 and a beta of 0.52.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Friday, May 1st. The insurance provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.03 billion. During the same period last year, the firm earned $1.17 EPS. As a group, research analysts expect that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Increases Dividend

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

Wall Street Analyst Weigh In

AIG has been the topic of a number of research reports. BMO Capital Markets raised their price target on American International Group from $83.00 to $89.00 in a research note on Thursday, May 7th. The Goldman Sachs Group raised their price target on American International Group from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Piper Sandler dropped their price target on American International Group from $95.00 to $88.00 and set an “overweight” rating on the stock in a research note on Thursday, February 12th. Cantor Fitzgerald raised their price target on American International Group from $81.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. dropped their price target on American International Group from $97.00 to $86.00 and set a “neutral” rating on the stock in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.06.

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.