American International Group, Inc. $AIG Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. lessened its holdings in American International Group, Inc. (NYSE:AIG) by 44.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,597 shares of the insurance provider’s stock after selling 14,879 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in American International Group were worth $1,386,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AIG. Geneos Wealth Management Inc. increased its holdings in shares of American International Group by 2.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,072 shares of the insurance provider’s stock valued at $434,000 after acquiring an additional 129 shares during the last quarter. Westwood Holdings Group Inc. lifted its stake in American International Group by 2.9% during the second quarter. Westwood Holdings Group Inc. now owns 4,627 shares of the insurance provider’s stock worth $396,000 after purchasing an additional 130 shares during the last quarter. Larson Financial Group LLC boosted its holdings in American International Group by 12.6% in the fourth quarter. Larson Financial Group LLC now owns 1,250 shares of the insurance provider’s stock valued at $107,000 after purchasing an additional 140 shares in the last quarter. GW&K Investment Management LLC increased its stake in American International Group by 8.1% in the fourth quarter. GW&K Investment Management LLC now owns 1,917 shares of the insurance provider’s stock valued at $164,000 after purchasing an additional 144 shares during the last quarter. Finally, Kestra Private Wealth Services LLC increased its stake in American International Group by 1.3% in the first quarter. Kestra Private Wealth Services LLC now owns 11,048 shares of the insurance provider’s stock valued at $831,000 after purchasing an additional 146 shares during the last quarter. 90.60% of the stock is owned by hedge funds and other institutional investors.

American International Group Price Performance

Shares of AIG opened at $76.14 on Thursday. American International Group, Inc. has a fifty-two week low of $71.25 and a fifty-two week high of $87.29. The company has a market capitalization of $39.81 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 0.71 and a beta of 0.53. The firm has a 50-day simple moving average of $77.50 and a 200-day simple moving average of $76.87. 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 (NYSE:AIG) last issued its quarterly earnings results on Thursday, August 6th. The insurance provider reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.08. The firm had revenue of $7.08 billion for the quarter, compared to analysts’ expectations of $7.25 billion. American International Group had a return on equity of 11.03% and a net margin of 11.13%.During the same quarter in the previous year, the firm posted $1.81 EPS. On average, equities research analysts anticipate that American International Group, Inc. will post 7.99 earnings per share for the current year.

American International Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. American International Group’s payout ratio is presently 36.56%.

Wall Street Analyst Weigh In

AIG has been the subject of several recent analyst reports. Citigroup boosted their price objective 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. Barclays lifted their price target on shares of American International Group from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, August 7th. Weiss Ratings raised shares of American International Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upped their price objective on shares of American International Group from $86.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Finally, Morgan Stanley dropped their price objective on American International Group from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $88.39.

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.