Axa S.A. Cuts Stock Holdings in American International Group, Inc. (NYSE:AIG)

Axa S.A. lowered its stake in shares of American International Group, Inc. (NYSE:AIG) by 75.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,808 shares of the insurance provider’s stock after selling 214,160 shares during the quarter. Axa S.A.’s holdings in American International Group were worth $5,257,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Forum Financial Management LP raised its holdings in shares of 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 during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of American International Group by 5.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,691 shares of the insurance provider’s stock worth $210,000 after buying an additional 136 shares in the last quarter. Quent Capital LLC boosted its stake in shares of American International Group by 4.0% in the 2nd 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 last quarter. New Republic Capital LLC grew its holdings in shares of American International Group by 5.2% in the first quarter. New Republic Capital LLC now owns 3,290 shares of the insurance provider’s stock valued at $257,000 after acquiring an additional 164 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its position 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 valued at $477,000 after acquiring an additional 165 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder International Group American sold 1,932,609 shares of American International Group stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $29.20, for a total transaction of $56,432,182.80. Following the completion of the sale, the insider now owns 292,271,027 shares in the company, valued at approximately $8,534,313,988.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 14,964,738 shares of company stock worth $400,732,195 over the last ninety days. 0.61% of the stock is owned by corporate insiders.

American International Group Stock Up 0.3 %

AIG stock opened at $73.34 on Friday. The stock has a 50-day simple moving average of $74.15 and a two-hundred day simple moving average of $75.63. American International Group, Inc. has a twelve month low of $57.72 and a twelve month high of $80.83. The firm has a market capitalization of $48.67 billion, a PE ratio of 10.95, a PEG ratio of 3.70 and a beta of 1.06. 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 (NYSE:AIG) last posted its earnings results on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $11.64 billion. During the same period last year, the company posted $1.75 EPS. The business’s revenue was up .0% on a year-over-year basis. On average, equities analysts predict that American International Group, Inc. will post 5.24 EPS for the current fiscal year.

American International Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, September 16th. American International Group’s dividend payout ratio is 23.88%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AIG. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price objective on shares of American International Group in a research report on Tuesday, July 9th. Piper Sandler reduced their price target on shares of American International Group from $89.00 to $86.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Citigroup lowered their price objective on shares of 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. JPMorgan Chase & Co. increased their target price on shares of American International Group from $80.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, July 11th. Finally, TD Cowen dropped their price objective on American International Group from $83.00 to $80.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, American International Group presently has a consensus rating of “Hold” and an average price target of $83.88.

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.