American International Group, Inc. (NYSE:AIG) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its stake in shares of American International Group, Inc. (NYSE:AIG - Free Report) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 157,704 shares of the insurance provider's stock after acquiring an additional 7,127 shares during the quarter. Venturi Wealth Management LLC's holdings in American International Group were worth $11,549,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of AIG. Empowered Funds LLC grew its holdings in American International Group by 20.9% during the 1st quarter. Empowered Funds LLC now owns 10,871 shares of the insurance provider's stock worth $850,000 after acquiring an additional 1,877 shares in the last quarter. Atomi Financial Group Inc. raised its stake in American International Group by 8.3% in the first quarter. Atomi Financial Group Inc. now owns 8,016 shares of the insurance provider's stock worth $627,000 after buying an additional 612 shares in the last quarter. NorthRock Partners LLC lifted its holdings in American International Group by 30.7% during the first quarter. NorthRock Partners LLC now owns 8,616 shares of the insurance provider's stock worth $674,000 after buying an additional 2,026 shares during the period. Meeder Advisory Services Inc. boosted its position in American International Group by 7.8% during the 1st quarter. Meeder Advisory Services Inc. now owns 14,733 shares of the insurance provider's stock valued at $1,152,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Qsemble Capital Management LP boosted its position in American International Group by 51.0% during the 1st quarter. Qsemble Capital Management LP now owns 16,801 shares of the insurance provider's stock valued at $1,313,000 after acquiring an additional 5,677 shares in the last quarter. Institutional investors own 90.60% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AIG. StockNews.com raised shares of American International Group from a "sell" rating to a "hold" rating in a research report on Friday. Keefe, Bruyette & Woods cut their price target on shares of American International Group from $96.00 to $90.00 and set an "outperform" rating on the stock in a report on Monday, August 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $87.00 price objective on shares of American International Group in a report on Wednesday, November 6th. Piper Sandler reduced their target price on shares of American International Group from $89.00 to $86.00 and set an "overweight" rating for the company in a report on Friday, August 2nd. Finally, Bank of America lifted their price objective on American International Group from $82.00 to $86.00 and gave the company a "neutral" rating in a research note on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $84.31.

American International Group Trading Down 0.3 %

Shares of NYSE AIG traded down $0.20 on Monday, hitting $75.38. The company's stock had a trading volume of 4,712,037 shares, compared to its average volume of 3,668,863. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 12-month low of $63.35 and a 12-month high of $80.83. The stock has a 50 day moving average of $75.15 and a 200-day moving average of $75.67.

American International Group (NYSE:AIG - Get Free Report) last released its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.13. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.49%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the prior year, the firm earned $1.61 EPS. Equities research analysts anticipate that American International Group, Inc. will post 5.14 EPS for the current year.

American International Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders 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 presently -47.20%.

Insider Transactions at American International Group

In other American International Group 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 value of $144,300,000.00. Following the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.61% of the company's stock.

American International Group Company 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.