Los Angeles Capital Management LLC Has $250,000 Stock Position in American International Group, Inc. (NYSE:AIG)

Los Angeles Capital Management LLC lowered its holdings in American International Group, Inc. (NYSE:AIG - Free Report) by 90.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,414 shares of the insurance provider's stock after selling 31,530 shares during the quarter. Los Angeles Capital Management LLC's holdings in American International Group were worth $250,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Forum Financial Management LP boosted its holdings in American International Group by 1.1% in the second quarter. Forum Financial Management LP now owns 12,173 shares of the insurance provider's stock valued at $904,000 after purchasing an additional 128 shares in the last quarter. Quent Capital LLC boosted its stake in shares of American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider's stock worth $285,000 after buying an additional 146 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of American International Group by 2.8% during the first quarter. Avantax Advisory Services Inc. now owns 6,106 shares of the insurance provider's stock worth $477,000 after buying an additional 165 shares during the last quarter. EP Wealth Advisors LLC grew its position in American International Group by 4.9% in the 1st quarter. EP Wealth Advisors LLC now owns 3,536 shares of the insurance provider's stock valued at $276,000 after buying an additional 165 shares during the last quarter. Finally, Graypoint LLC lifted its position in American International Group by 2.0% in the third quarter. Graypoint LLC now owns 8,672 shares of the insurance provider's stock valued at $635,000 after purchasing an additional 167 shares during the period. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder International Group American sold 5,000,000 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.86, for a total value of $144,300,000.00. Following the completion of the sale, the insider now owns 279,238,898 shares of the company's stock, valued at approximately $8,058,834,596.28. The trade was a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Performance

Shares of American International Group stock traded down $1.42 on Tuesday, reaching $74.89. The stock had a trading volume of 1,619,505 shares, compared to its average volume of 4,112,989. The stock has a market cap of $46.71 billion, a P/E ratio of -22.14, a price-to-earnings-growth ratio of 7.50 and a beta of 1.05. American International Group, Inc. has a fifty-two week low of $63.79 and a fifty-two week high of $80.83. The business's 50-day moving average price is $75.27 and its two-hundred day moving average price is $75.67. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.65 and a current ratio of 0.65.

American International Group (NYSE:AIG - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. During the same period in the prior year, the company earned $1.61 EPS. On average, sell-side analysts forecast that American International Group, Inc. will post 5.13 EPS for the current year.

American International Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.14%. American International Group's dividend payout ratio (DPR) is currently -47.20%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AIG. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. BMO Capital Markets cut shares of American International Group from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $90.00 to $84.00 in a research report on Tuesday, October 15th. Piper Sandler reduced their target price on American International Group from $89.00 to $86.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company dropped their price target on American International Group from $77.00 to $76.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 6th. Finally, Keefe, Bruyette & Woods decreased their price objective on American International Group from $88.00 to $87.00 and set an "outperform" rating on the stock in a research note on Tuesday, November 12th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, American International Group presently has a consensus rating of "Moderate Buy" and an average price target of $84.13.

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.