Crestwood Advisors Group LLC Purchases 284 Shares of American International Group, Inc. (NYSE:AIG)

Crestwood Advisors Group LLC increased its position in American International Group, Inc. (NYSE:AIG) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,023 shares of the insurance provider’s stock after buying an additional 284 shares during the period. Crestwood Advisors Group LLC’s holdings in American International Group were worth $295,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of AIG. Christopher J. Hasenberg Inc bought a new position in shares of American International Group in the third quarter worth about $26,000. Y.D. More Investments Ltd bought a new position in American International Group in the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC grew its holdings in American International Group by 199.2% during the 2nd quarter. Fortitude Family Office LLC now owns 359 shares of the insurance provider’s stock valued at $27,000 after buying an additional 239 shares in the last quarter. Versant Capital Management Inc raised its position in shares of American International Group by 326.0% during the second quarter. Versant Capital Management Inc now owns 443 shares of the insurance provider’s stock valued at $33,000 after buying an additional 339 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of American International Group by 241.6% in the third quarter. NBC Securities Inc. now owns 673 shares of the insurance provider’s stock worth $49,000 after buying an additional 476 shares in the last quarter. Hedge funds and other institutional investors own 90.60% of the company’s stock.

American International Group Price Performance

American International Group stock opened at $77.02 on Thursday. The firm has a market capitalization of $49.60 billion, a PE ratio of -22.72, a price-to-earnings-growth ratio of 5.21 and a beta of 1.05. American International Group, Inc. has a 12-month low of $62.52 and a 12-month high of $80.83. The firm has a 50-day moving average price of $75.17 and a 200-day moving average price of $75.65. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.13. American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The business had revenue of $6.75 billion during the quarter, compared to analyst estimates of $6.62 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. As a group, equities research analysts forecast that American International Group, Inc. will post 4.99 EPS for the current year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a yield of 2.08%. American International Group’s payout ratio is -47.20%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AIG shares. JPMorgan Chase & Co. raised shares of American International Group from a “neutral” rating to an “overweight” rating and cut their target price for the company from $93.00 to $89.00 in a research note on Thursday, October 10th. Keefe, Bruyette & Woods reduced their target price on American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. Bank of America boosted their target price on American International Group from $82.00 to $86.00 and gave the stock a “neutral” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their price target on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Piper Sandler decreased their price objective on American International Group from $89.00 to $86.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $84.31.

Insider Transactions at American International Group

In other news, major shareholder International Group American sold 5,000,000 shares of the company’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 transaction, the insider now directly owns 279,238,898 shares in the company, valued at approximately $8,058,834,596.28. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.61% of the company’s stock.

About American International Group

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.