Leeward Investments LLC MA Sells 7,787 Shares of American International Group, Inc. (NYSE:AIG)

Leeward Investments LLC MA lowered its position in American International Group, Inc. (NYSE:AIG) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 288,428 shares of the insurance provider’s stock after selling 7,787 shares during the period. Leeward Investments LLC MA’s holdings in American International Group were worth $19,541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AIG. Meeder Advisory Services Inc. lifted its position in American International Group by 1.3% during the third quarter. Meeder Advisory Services Inc. now owns 12,808 shares of the insurance provider’s stock valued at $776,000 after purchasing an additional 162 shares during the period. Avantax Advisory Services Inc. raised its position in shares of American International Group by 3.6% during the 3rd quarter. Avantax Advisory Services Inc. now owns 4,819 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 167 shares during the last quarter. Steph & Co. raised its position in shares of American International Group by 3.3% during the 3rd quarter. Steph & Co. now owns 5,448 shares of the insurance provider’s stock worth $330,000 after purchasing an additional 176 shares during the last quarter. Lindbrook Capital LLC raised its position in shares of American International Group by 2.7% during the 4th quarter. Lindbrook Capital LLC now owns 6,764 shares of the insurance provider’s stock worth $458,000 after purchasing an additional 176 shares during the last quarter. Finally, Aspiriant LLC raised its position in shares of American International Group by 3.4% during the 4th quarter. Aspiriant LLC now owns 5,417 shares of the insurance provider’s stock worth $367,000 after purchasing an additional 178 shares during the last quarter. Institutional investors own 90.60% of the company’s stock.

Insider Activity

In other news, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $75.39 per share, for a total transaction of $49,682.01. Following the acquisition, the director now owns 659 shares of the company’s stock, valued at $49,682.01. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Peter Zaffino sold 333,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $75.87, for a total value of $25,264,710.00. Following the sale, the chief executive officer now directly owns 505,420 shares in the company, valued at approximately $38,346,215.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Inglis acquired 659 shares of American International Group stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $75.39 per share, for a total transaction of $49,682.01. Following the completion of the acquisition, the director now directly owns 659 shares in the company, valued at approximately $49,682.01. The disclosure for this purchase can be found here. Company insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AIG shares. Piper Sandler upped their price target on shares of American International Group from $87.00 to $89.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Citigroup upped their price objective on shares of American International Group from $79.00 to $87.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. BMO Capital Markets dropped their price objective on shares of American International Group from $83.00 to $81.00 and set an “outperform” rating for the company in a research note on Thursday, February 15th. JPMorgan Chase & Co. increased their price target on shares of American International Group from $73.00 to $80.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Finally, Bank of America cut shares of American International Group from a “buy” rating to a “neutral” rating and increased their price target for the company from $75.00 to $77.00 in a research note on Tuesday, February 20th. 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, American International Group presently has an average rating of “Moderate Buy” and an average target price of $80.38.

American International Group Price Performance

American International Group stock opened at $74.47 on Friday. The firm has a market cap of $50.71 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.07 and a beta of 1.03. American International Group, Inc. has a 52-week low of $48.95 and a 52-week high of $78.95. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $74.70 and its two-hundred day moving average is $68.94.

American International Group (NYSE:AIG) last released its earnings results on Wednesday, February 14th. The insurance provider reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.20. The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $11.61 billion. American International Group had a net margin of 7.78% and a return on equity of 10.68%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 EPS. On average, research analysts expect that American International Group, Inc. will post 6.95 EPS for the current fiscal year.

American International Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 14th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $1.44 dividend on an annualized basis and a yield of 1.93%. American International Group’s dividend payout ratio (DPR) is presently 28.86%.

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.