Tyler Stone Wealth Management Has $1.01 Million Stock Position in American International Group, Inc. (NYSE:AIG)

Tyler Stone Wealth Management grew its holdings in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 96.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,720 shares of the insurance provider's stock after buying an additional 6,748 shares during the quarter. Tyler Stone Wealth Management's holdings in American International Group were worth $1,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in shares of American International Group by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,435,245 shares of the insurance provider's stock valued at $477,802,000 after buying an additional 269,188 shares during the last quarter. Clearbridge Investments LLC boosted its stake in shares of American International Group by 0.6% during the 1st quarter. Clearbridge Investments LLC now owns 5,440,355 shares of the insurance provider's stock valued at $425,273,000 after buying an additional 31,340 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of American International Group by 6.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,148,482 shares of the insurance provider's stock valued at $233,743,000 after buying an additional 198,889 shares during the last quarter. APG Asset Management N.V. raised its position in shares of American International Group by 13.3% during the 2nd quarter. APG Asset Management N.V. now owns 2,200,252 shares of the insurance provider's stock valued at $152,411,000 after acquiring an additional 258,700 shares in the last quarter. Finally, National Pension Service raised its position in shares of American International Group by 5.1% during the 3rd quarter. National Pension Service now owns 2,186,421 shares of the insurance provider's stock valued at $160,112,000 after acquiring an additional 105,213 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American International Group

In related news, major shareholder International Group American sold 5,000,000 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $28.86, for a total transaction of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares of the company's stock, valued at $8,058,834,596.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AIG shares. Piper Sandler dropped their price target on American International Group from $89.00 to $86.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Citigroup dropped their price target on American International Group from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Tuesday, July 23rd. StockNews.com raised American International Group from a "sell" rating to a "hold" rating in a research report on Friday. Barclays initiated coverage on American International Group in a research report on Wednesday, September 4th. They set an "overweight" rating and a $90.00 price target on the stock. Finally, BMO Capital Markets lowered American International Group from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $84.31.

American International Group Stock Performance

Shares of AIG traded down $1.01 during trading hours on Friday, reaching $75.58. 6,826,259 shares of the company's stock traded hands, compared to its average volume of 3,588,702. The firm has a market capitalization of $48.67 billion, a price-to-earnings ratio of -22.29, a P/E/G ratio of 7.65 and a beta of 1.05. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.67 and a quick ratio of 0.67. American International Group, Inc. has a twelve month low of $62.75 and a twelve month high of $80.83. The business's fifty day simple moving average is $75.15 and its two-hundred day simple moving average is $75.67.

American International Group (NYSE:AIG - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.49% and a negative net margin of 6.19%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period last year, the company earned $1.61 earnings per share. Analysts predict that American International Group, Inc. will post 5.11 earnings per share for the current year.

American International Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 annualized dividend and a yield of 2.12%. American International Group's dividend payout ratio is currently -47.20%.

American International Group 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.