OneDigital Investment Advisors LLC Has $260,000 Holdings in American International Group, Inc. (NYSE:AIG)

OneDigital Investment Advisors LLC lessened its position in American International Group, Inc. (NYSE:AIG) by 8.1% in the 3rd quarter, Holdings Channel reports. The fund owned 3,545 shares of the insurance provider’s stock after selling 313 shares during the period. OneDigital Investment Advisors LLC’s holdings in American International Group were worth $260,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Forum Financial Management LP increased its holdings in shares of American International Group by 1.1% in the 2nd 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 period. Quent Capital LLC grew its position in American International Group by 4.0% during the second quarter. Quent Capital LLC now owns 3,834 shares of the insurance provider’s stock valued at $285,000 after purchasing an additional 146 shares in the last quarter. EP Wealth Advisors LLC increased its stake 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 period. Graypoint LLC lifted its position in American International Group by 2.0% in the 3rd quarter. Graypoint LLC now owns 8,672 shares of the insurance provider’s stock worth $635,000 after buying an additional 167 shares in the last quarter. Finally, Spire Wealth Management boosted its stake in shares of American International Group by 4.4% during the 2nd quarter. Spire Wealth Management now owns 4,096 shares of the insurance provider’s stock valued at $304,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Performance

NYSE:AIG opened at $76.06 on Friday. The firm has a market capitalization of $47.44 billion, a PE ratio of -22.44, a PEG ratio of 7.45 and a beta of 1.05. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 1 year low of $64.54 and a 1 year high of $80.83. The firm’s fifty day simple moving average is $75.50 and its 200 day simple moving average is $75.62.

American International Group (NYSE:AIG) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.13. American International Group had a positive return on equity of 8.63% and a negative net margin of 6.19%. The business had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.62 billion. During the same period in the previous year, the company posted $1.61 earnings per share. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, December 16th will be issued a dividend of $0.40 per share. The ex-dividend date is Monday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.10%. American International Group’s dividend payout ratio (DPR) is presently -47.20%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on AIG shares. StockNews.com raised shares of American International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Jefferies Financial Group boosted their target price on American International Group from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Wells Fargo & Company cut 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 note on Wednesday, November 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. raised shares of American International Group from a “neutral” rating to an “overweight” rating and cut their price objective for the company from $93.00 to $89.00 in a research report on Thursday, October 10th. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.80.

Insider Activity

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 transaction of $144,300,000.00. Following the completion of the transaction, the insider now owns 279,238,898 shares of the company’s stock, valued at approximately $8,058,834,596.28. This represents a 1.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.61% of the stock is owned by company insiders.

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.