Weaver Capital Management LLC Sells 1,360 Shares of American International Group, Inc. (NYSE:AIG)

Weaver Capital Management LLC trimmed its position in American International Group, Inc. (NYSE:AIG) by 27.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,605 shares of the insurance provider’s stock after selling 1,360 shares during the period. Weaver Capital Management LLC’s holdings in American International Group were worth $262,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Truist Financial Corp grew its stake in shares of American International Group by 16.0% in the second quarter. Truist Financial Corp now owns 54,999 shares of the insurance provider’s stock worth $4,083,000 after purchasing an additional 7,600 shares during the last quarter. Cetera Investment Advisers increased its position in shares of American International Group by 13.5% during the second quarter. Cetera Investment Advisers now owns 65,432 shares of the insurance provider’s stock worth $4,858,000 after buying an additional 7,784 shares during the period. Czech National Bank grew its holdings in American International Group by 3.7% in the third quarter. Czech National Bank now owns 131,179 shares of the insurance provider’s stock worth $9,606,000 after purchasing an additional 4,710 shares during the period. GAMMA Investing LLC increased its stake in American International Group by 15.9% in the third quarter. GAMMA Investing LLC now owns 10,168 shares of the insurance provider’s stock valued at $745,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in shares of American International Group by 9.3% during the third quarter. Miracle Mile Advisors LLC now owns 3,750 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 318 shares during the period. Institutional investors and hedge funds own 90.60% of the company’s stock.

American International Group Stock Up 0.9 %

Shares of NYSE AIG opened at $73.37 on Thursday. The business has a 50-day simple moving average of $73.61 and a two-hundred day simple moving average of $74.51. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.22. American International Group, Inc. has a 52 week low of $67.96 and a 52 week high of $80.83. The company has a market cap of $45.77 billion, a P/E ratio of -21.64, a P/E/G ratio of 5.80 and a beta of 1.05.

American International Group (NYSE:AIG) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.13. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.62 billion. American International Group had a negative net margin of 6.19% and a positive return on equity of 8.63%. During the same period in the prior year, the company posted $1.61 EPS. Research analysts anticipate that American International Group, Inc. will post 4.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. UBS Group boosted their target price on American International Group from $84.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Evercore ISI decreased their price target on shares of American International Group from $79.00 to $78.00 and set an “in-line” rating for the company in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods dropped their price objective on shares of American International Group from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 12th. Jefferies Financial Group upped their target price on shares of American International Group from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, Bank of America raised their price target on shares of American International Group from $82.00 to $86.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $84.13.

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.